BIR Ruling No. 434-2021

^2^XPPl^^ KEPUBLICOFTHE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENlp Qae/on City Certifieat'C of'�"ax Cxiniption No. CERTIFICATE OF TAX EXEMPTION (For Cooperatives registered under Republic Act No. Q520) Thisistocertiiy thatCOOPERATIVEBANKOF^C-cifABATO,a Cooperative,with address at Maharlika Highway, Lanao, Kidapawan Citv 9dfu) i, duly-registered taxpayer of RDO No. 127 under Tax Identiticaiion No. j() and is registered v^'ith the Cooperative Development Authority under Registration Certitlj'iKe No. I daleil January 7,2010. As a cooperative transacting with both members and ndnme nbcrs .vitli accumulated reserves and undivided net savings of more than Ten iniUbm pesos (PI0,000,1100.00), COOPERATIVE BANK OF COTABATO is entitled to il 'fi>lk \vii% tax exemptions and incentives: 1. Exemption from payment of Annual Registration fee of Fi ve l iiiiLlred pesos(i^sOO.OOh 2. Tax exemptions and incentives on its business tra fliaci:;!)n.v v Rh members as provided by Article 61 of Repoblic Act No.9520, as iii p!eni.,at_J f �/ Section 8 of th: .loint Rules and f'.cgulations Implementing /\ricles 60.(>* aiii. 144 o R/K Nc.9520 (a) Exemption from Income lax on income from CD/V-rc dsieied op TaL.ms; (b) Exemption from Value-Added Tax on CDA-registc-re i s,. :s i.r tran.s;ictionN: (c) Exemption from other Pereeni;a.gc tax: (d) Exemption fioiri Dom^r's lax on donations to duly p erw 'tei.. cixirilnble esearch and educational institJtiors. and reinvc.stmcnt to six o-c OiDir lc rrqject- 'viihiii the area ofo|eri.tion cfthe cooperative; | (e) E>emption from pAcise tax for which it is directly liai lo: (f) Exemption front DocumciTiiry stamp tax: Proviiie.l[ c.-v.i.vc;. ti.at t le o fer pnity to the taxabi: docament'transuction who is not XnCi pi : aai I: ; th..- one dir.?c l;.- liable for the tax: and (g) Exemption iioni all taxes on Iransaction;: with nsu in- e mi 'ani.;s and .xuil:,-, including bui not lim ted >0 2(1% final la:c on ir. cit; -os ts and llfteen pcrjrrt (15%') Una! mcome lax en interest income dcnvxl| l .in i d--posita.y bank under the expanded I'orcign eiir.ency deposit s) s.em. Further, the ar; )v-;-ntentior: :d la;-: exemption incciid V' ; ; .a I O; ly ippiy lo lie lollowing activities and iransaclions of the cooperatives: 1. Cooperative Ru.al ' lankirg. Republic AH No. ( ')f:miied.ed'if . I i- -lo n / S . ti. ! V : .' ii.n,.:rvl . 'li