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(Also known as ´Philippine Cooperative Code of 2008µ)
 REPUBLIC ACT 9520
(Also known as ´Philippine Cooperative Code of 2008µ)

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a) Those duly registered cooperative which transact
business with members only: and

b) Those duly registered cooperative which transact

business with both members and non-members which
are further sub-classified according to the following:

a) Cooperatives with accumulated reserves and

undivided net savings of not more than Ten Million
Pesos (Php10,000,000.00); and

b) Cooperatives with accumulated reserves and

undivided net savings of more than Ten Million
Pesos (Php10,000,000.00)
 REPUBLIC ACT 9520
(Also known as ´Philippine Cooperative Code of 2008µ)

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§uly registered cooperatives dealing / transacting business with
members only shall be exempt from paying any taxes and fees,
including but not limited to:

a) Income tax imposed by Title H of the NIRC, as amended:

b) Value Added Tax (VAT) imposed under Title IV of the NIRC; as

amended;

c) Percentage Tax imposed under Title IV of the NIRC, as

amended

d) §onor·s Tax imposed under Title III of the NIRC, as amended,

on donations to duly accredited charitable research and
educational institutions and reinvestment to socio-economic
projects within the area of operation of the cooperatives;
 REPUBLIC ACT 9520
(Also known as ´Philippine Cooperative Code of 2008µ)

e) Excise Tax under Title VI of the NIRC, as amended, for which it

is directly liable;

f) §ocumentary Stamp Tax imposed under Title VII of the NIRC,

as amended, provided, however, that the other party to the
taxable document/transaction who is not exempt shall be the
one directly liable for the tax;

g) Annual Registration Fee of P 500.00 under Section 236(B) of the

NIRC, as amended;

h) All taxes on transaction with insurance companies and banks,

including but not limited to 20% final tax on interest deposits
and 7.5% final income tax on interest income derived from a
depository bank under the expanded foreign currency deposit
system; and
i) Electric cooperatives duly registered with the Authority shall be
exempt from VAT on revenues on system loss and VAT on
revenues on distribution, supply, metering and lifetime subsidy
of electricity to their members.
 REPUBLIC ACT 9520
(Also known as ´Philippine Cooperative Code of 2008µ)

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a) Cooperatives with accumulated reserves and undivided net
savings of not more than Ten Million (P10,000,000.00) ²
Exemption from all national internal revenue taxes for which
these cooperatives are liable as enumerated under Section 7 of
this Joint Rules and Regulations.

b) Cooperatives with accumulated reserves and undivided net

savings of more than Ten Million (P10,000,000.00)

b.1) Business transactions with members ² Business activities

engaged in by such cooperatives with its members where
said cooperative generates revenues shall be exempt from
all national internal revenue taxes for which it its liable as
enumerated in Section 7 of this Joint Rules and Regulation
 REPUBLIC ACT 9520
(Also known as ´Philippine Cooperative Code of 2008µ)

b.2) Business transactions with non-members - Cooperatives

with accumulated reserves and undivided net savings of
more the than (P10,000,000.00)

b.2.1) Pay the following taxes at the full rate:

b.2.1.1) Income Tax

b.2.1.2) Value Added Tax
b.2.1.3) Percentage Tax
b.2.1.4) All other Internal Revenue Taxes unless otherwise
provided by the law; and
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1. Letter Application signed by Chairman / General
Manager of Cooperative or his duly representative
(see sample letter BIR FORM 1945) .

2. A Certified True Copy of Certificate of Registration

issued by C§A under the New Cooperative Code.

3. A Certified True Copy of Articles of Cooperation and

By Laws of the Cooperative

4. Certified True Copy of the Current Certificate in

Good Standing effective on the date of Application.
 REPUBLIC ACT 9520
(Also known as ´Philippine Cooperative Code of 2008µ)

5. A Copy of the BIR Certificate of Registration of

the Cooperative. (Updated) Surrender the Old
Certificate

6. Certificate of Oath by Chairman / General

Manager whether the Cooperative to transacting
business with members or non-members which
ever applicable.

7. Original Certificate under oath of the list of members

and the share capital ² contribution of each members
with their respective TIN

8. Latest Financial Statement of the immediately

preceding year duly Audited of Independent Certified
Public Accountant (For Renewal Purposes)
 REPUBLIC ACT 9520
(Also known as ´Philippine Cooperative Code of 2008µ)

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a) the type/category of cooperative and the principal

activities/business transactions it is engaged in;

b) that the cooperative is transacting business with member s

only or both members and non-members, whichever is
applicable;

c) the amount of accumulated reserves as o f the year end

concerned;

d) the amount of the net surplus for the year; and

e) that at least 25 % of the net surplus is returned to the members in

the form of interest on share capital and/or patronage refund;
 REPUBLIC ACT 9520
(Also known as ´Philippine Cooperative Code of 2008µ)

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