n\a

June 30, 2009BIR RULING [COOP-(M-107) 411-09]R.A. No. 6938; 008-2001Bureau of Fisheries & Aquatic ResourcesMulti-Purpose CooperativeLucap, Alaminos City,Pangasinan Attention: Mr. Bonifacio S. Molina, Jr.ChairmanGentlemen :This refers to your letters dated April 14, 2008 and September 19, 2008, received by this Office on February 5, 2009 via 1st Indorsement dated January 5, 2009 from Revenue District Office No. 05, Alaminos City, Pangasinan, requesting tax exemption of Bureau of Fisheries & Aquatic Resources Multi-Purpose Cooperative (BFAR-MPC) under the provisions of R.A. No. 6938, otherwise known as the "Cooperative Code of the Philippines". Documents submitted disclose that BFAR-MPC with Taxpayer Identification No. 005-573-872-000, is a multi-purpose cooperative with registered address at Lucap, Alaminos City, Pangasinan; that it is registered with the Cooperative Development Authority with CDA Registration No. DAG-4090 on June 28, 1999; that the objectives of the cooperative are as follows:Primary"To engage in credit and catering services and merchandising."Secondary1. To actively support the government and other concerned organizations, both local and foreign, in promoting cooperatives as a practical means towards sustainable, socio-economic development under a truly and just...