n\a

June 30, 2009BIR RULING [COOP-(M-109) 415-09]COOP; RR 20-2001Suyo Multi-Purpose CooperativeSuyo, Ilocos SurAttention: Mr. Rizaldo L. BencilaManagerGentlemen :This refers to your request for the issuance of a Certificate of Tax Exemption in favor of the Suyo Multi-Purpose Cooperative ("SMPC") under the provisions of R.A. No. 6938, otherwise known as the "Cooperative Code of the Philippines". It is represented that the SMPC, with Taxpayers Identification No. 005-385-283, is registered with the Cooperative Development Authority (CDA) under Certificate of Registration No. R1-FF-030 on September 10, 1981; that it is mainly engaged in extending credit facility to its members and operates a consumers store; that it transacts business primarily with members; that it has submitted to this Office in support of its request, copies of the following documents, viz.: 1) Certificate of Registration; 2) List of Members and their share capital contribution; 3) Statement of Financial Condition; 5) * Certificate of Operation; 5) Certificate of Good Standing valid and effective until December 31, 2009; 6) and other pertinent documents.In reply, please be informed that under Article 61 of Republic...