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.
Brussels, BELGIUM – The International Cooperative Alliance (ICA) celebrated with the rest of the world the Human Rights Day 2020 by reiterating to cooperators all over the world the Cooperative Identity – that co-ops are people-centered organizations. The celebration attended by more than sixty cooperators worldwide, emphasized that co-ops do not treat humans as mere commodities.
The Bureau of Internal Revenue (BIR), the Government agency for tax collection, stood pat that co-ops must submit the Tax Identification Numbers amidst calls for its repeal. In its Revenue Memorandum Circular 124-2020 issued on November 25,the BIR has made its verdict final.
It is final. The Bureau of Internal Revenue (BIR) has clarified to all its personnel that co-ops need not pay for Documentary Stamps. Thanks to a “Request for Ruling” that COOP-NATCCO Partylist Rep. Sabiniano Canama filed, the BIR issued Memorandum Circular 124-2020 dated November 25, 2020.
227 J. P. Rizal St.Project 4, Quezon City 1109
natcconetwork@natcco.coop
8913-7011 to 15