KAYA ATM boosts TOMVEDCO operation & reputation Tondo, MANILA – During the COVID Crisis, the Tondo Foreshore Market Vendors Development Cooperative (TOMVEDCO), which operates in one of the poorest and densely populated areas in Metro Manila, distributed rice & food packs, provided flu and pneumonia vaccination, and fed 210 local kids nutritious meals under the […]
KAYA Payment Platform registered with BSP
KAYA Payment Platform registered with BSP Another milestone in the inclusion of co-ops in the digital economy . . . The Bangko Sentral ng Pilipinas (BSP) has informed the National Confederation of Cooperatives (NATCCO) that it has been “issued a Certificate of Registration (COR) as Operator of Payment System (OPS) effective 29 June 2020.” The […]
Cooperatives open National Cooperative Month
Cooperatives open National Cooperative Month Since the Covid-19 Crisis began, cooperatives all over the country have been quietly at work in their communities. They have provided financial services, issued moratoriums on loan payments, distributed rice & vegetables, provide transport to health workers, opened food stores, distributed personal protective equipment to medical professionals, and more. On […]
ACCU issues Business Solutions 26 for Climate Action in Asia
ACCU issues Business Solutions 26 for Climate Action in Asia THAILAND – The Association of Asian Confederation of Credit Unions (ACCU) issued in July its Business Solutions 26 (BS 26), a tool to determine whether a co-op is helping to achieve the United Nations Sustainable Development Goal #13, which is Climate Action. Thirty (30) key […]
ICA urges all to Climate Action
ICA urges all to Climate Action Brussels, BELGIUM — The International Cooperative Alliance (ICA) invited all cooperatives worldwide to celebrate the International Day of Cooperatives on July 4 by taking action against climate chang The 2020 International Day of Cooperatives theme – Cooperatives for Climate Action – was chosen to support Sustainable Development Goal (SDG) […]
Virtual Instructor Led Training is New Key Method for Training
Virtual Instructor Led Training is New Key Method for Training In order to continue providing for the needs of co-ops while keeping up with the situation brought about by the COVID-19 Pandemic, the NATCCO Knowledge Resource Center has transformed its training by using the Virtual Instructor Led Training (VILT). We encourage every cooperative to adapt […]
Tagum Coop supports DEPED’s Brigada Eskwela
Tagum Coop supports DEPED’s Brigada Eskwela TAGUM CITY – The COVID-19 crisis has transformed physical interaction – including the traditional classroom education. Thus, the Department of Education initiated its learning continuity plan using various teaching modes – online, modular, broadcast learning. Tagum Cooperative strengthens its partnership with the Department of Education by supporting the annual […]
Co-ops to file “Request for Ruling” on Doc Stamps
Co-ops to file “Request for Ruling” on Doc Stamps 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 […]
Co-ops can issue TIN to members online with “eREG” (TIN Series Part 4)
Co-ops can issue TIN to members online with “eREG” (TIN Series Part 4) 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. When […]
Why do co-ops have to submit TIN of members? (Part 2)
Why do co-ops have to submit TIN of members? (Part 2) At a Tax Technical Working Group (TWG) online meeting discussing co-op tax exemptions held last July 15, COOP-NATCCO Partylist Rep. Ben Canama said that “the TIN requirement on co-ops has been one of the reasons why co-ops “cannot appreciate very much the tax exemptions […]