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 […]
CDA says: “We tried to mitigate the harshness of JAO 1-2019”
CDA says: “We tried to mitigate the harshness of JAO 1-2019” At the discussions of the Technical Working Group on the Tax Exemption held March 4 in the House of Representatives, leaders of primary co-ops complained that the penalties for non-submission of the Annual Tax Incentive Report (ATIR) are “too harsh.” The Joint Administrative Order […]
Co-ops complain: Penalty for ATIR non-submission ‘too harsh’
Co-ops complain: Penalty for ATIR non-submission ‘too harsh’ QUEZON CITY – “Very few co-ops have availed of the tax exemptions. Why is it that we have exemption in the law but after a decade only 33% of co-ops have availed? Why give co-ops the privilege of exemption when they will be deprived in the end? […]
Working Group to ease how co-ops obtain & maintain CTE
Working Group to ease how co-ops obtain & maintain CTE QUEZON CITY – The difficulties of co-ops in obtaining their Certificate of Tax Exemptions may end soon as the Bureau of Internal Revenue (BIR) and the Cooperative Development Authority (CDA) have sat down with sector leaders on March 4 in the House of Representatives to […]
Barbaza MPC builds ‘reefs’ for local Antique fisherfolk
Barbaza MPC builds ‘reefs’ for local Antique fisherfolk Barbaza, ANTIQUE — Barbaza MPC extends help to local fisherfolk by establishing Six (6) fishing zones in the municipal waters of Tibiao. This project, in partnership with Katahum Tours, BFAR, DENR, LGU Tibiao, MFARMC and Antique Eco-Tourism Association, Inc, aims to provide fishing zones to local fisherfolk […]
NATCCO Submits Regulatory Relief Recommendation to CDA
NATCCO Submits Regulatory Relief Recommendation to CDA With the lockdown in most parts of the country, co-ops deferred collection of loan payments from members in compliance with the Bayanihan Heal as One Act that declared a moratorium on loan payments, interests and fees. This resulted in decline in profitability. Many people were unable to work […]