n\a

August 18, 2009BIR RULING [COOP-(M-124) 508-09]RA 6938; 008-2001Jose C. LeynesMa. Lourdes L. Guillergan703-A Vicente Madrigal Building6793 Ayala AvenueMakati CityAttention: Atty. Ma. Lourdes L. GuillerganGentlemen :This refers to your letter dated June 18, 2009 requesting on behalf of your client, Shared Aims Services Multi-Purpose Cooperative, for a Certificate of Tax Exemption under the provisions of R.A. No. 6938, otherwise known as the "Cooperative Code of the Philippines", as amended. Documents submitted disclosed that the SHARED AIMS SERVICES MULTI-PURPOSE COOPERATIVE is a primary non-agricultural cooperative transacting business with both members and non-members; that it is registered with the Cooperative Development Authority (CDA) with CDA Registration No. C-624-6455 dated May 13, 2008; and that the objectives and purposes for which it is formed are the following:1. To be a service provider by contracting work services and projects with clients by harnessing the skills of the members of the cooperative as a manpower resource;2. To create funds in order to grant loans for productive and providential purposes to members;3. To provide savings and credit facilities to its members and...