Not yet a member? Enter your personal details and start your journey with us.
Already a member? Please log in with your personal info to keep connected.
NATCCO’s intellectual capital based on one's own and others best practices.
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.
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.
QUEZON CITY -- The Tax Identification Number (TIN) of co-op members is very important because without it, the Bureau of Internal Revenue (BIR) cannot issue a co-op its Certificate of Tax Exemption (CTE).
227 J. P. Rizal St.Project 4, Quezon City 1109
natcconetwork@natcco.coop
8913-7011 to 15