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Taxation of Cooperatives PDF
Taxation of Cooperatives PDF
Taxation of Cooperatives PDF
WHY?
IS IT A MATTER OF NATIONAL
SURVIVAL?
Revenues
Social services
Debt Servicing
Administration
INFRA Services Services
Estate tax
Donors tax
VAT
Excise tax
Professional tax
Franchise fee
Amusement tax
Community tax
Business tax
Charges
OF
COOPERATIVES
Value-Added Tax :
NEA and CDA registered - Subject to 12 %
FROM
COOPERATIVES
Considered as Payables.
A taxpayer-benefactor of a SC is considered
as Head of Family, provided that:
REQUIREMENTS OF
OF
COOPERATIVES
1. WITH CDA
2. WITH LGU
3. WITH BIR
Requirements:
1. Application letter signed by chairman or reps;
2. AR together with audited FS;
3. Copy of Bond of accountable officer;
4. Minutes of latest general assembly;
5. Certification under oath re SCA requirements;
6. Certification of no pending case with CDA;
7. Information sheet duly accomplished; and
8. Certification fee of Php200.00
Note: New COOPs are exempt from 1-6
AIT Learning through Quality Training
Annual Information Return
Contract Price
The agency fee
GAME K N B?
Duly registered with CDA?
Thank you!!!
Johnny T. Agustin
077-781-2359
0919-3806-408
agustincpa@yahoo.com