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June 29, 2009BIR RULING [COOP-(M-105) 399-09]RA 6938; 008-2001Kimberly Clark Philippines, Inc. Multi-Purpose Cooperativec/o Kimberly Clark Phil., Maharlika DriveUSPS San Pedro, Laguna 4023 Attention: Mr. Jonathan C. de PaduaChairmanGentlemen :This refers to your letter dated February 3, 2009 requesting for a Certificate of Tax Exemption under the provisions of Republic Act (R.A.) No. 6938, otherwise known as the "Cooperative Code of the Philippines". Documents submitted disclosed that Kimberly Clark Philippines, Inc. Multi-Purpose Cooperative, with Taxpayer's Identification No. 233-196-416-000 is a multi-purpose cooperative transacting business with members and non members; that it is registered with the Cooperative Development Authority with Registration No. LGA-5839 dated September 11, 2003; that a Certificate of Good Standing has been issued in its favor by Mr. Nonie I. Hernandez, CESO V, Extension Office Director, Cooperative Development Authority, Calamba Extension Office; that the objectives and purposes for which it was formed are the following:1. To encourage thrift and savings mobilization among the members for capital formation;2. To create funds and grant loans to members for productive and providential purposes;3. To provide goods and...