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Article 61 of the Cooperative Code says co-ops are exempt from Documentary Stamp Tax (DST). So why are DST’s required when co-ops transact with members or other entities? At the TWG discussions on July 21, some co-ops complained to the Bureau of Internal Revenue (BIR) that they were being made to pay for DST for transacting with members.Read More
To ease the process of obtaining or retaining a co-op’s Certificate of Tax Exemption (CTE), the BIR announced at a Tax Exemption Technical Working Group (TWG) on July 15 that co-ops can issue to members their Tax Identification Number (TIN) online.Read More