TAGUM CITY, Davao del Norte, Sept. 18 (PIA) — The umbrella
organization of about 24,000 cooperatives in the country recently came up with
a manifesto opposing moves to repeal the tax exemption provisions of the
Republic Act 9520 known as the Cooperative Code of the Philippines.
Released on September 04, 2015, the manifesto was signed by
Philippine Cooperative Center (PCC) Chairperson Hamilcar T. Rutaquio of the
Tagalog Cooperative Development Center, PCC Vice Chairperson Ponciano
D.Payuyo of the Philippine Federation of Electric Cooperatives, 13 PCC
directors and three PCC officers.
Among the PCC directors who signed the manifesto was Norma R.
Pereyras, chairperson of Tagum Cooperative.
The manifesto bears the title “Manifesto of Opposition to the Repeal
of Articles 60 and 61 of Republic Act 9520 also known as the Cooperative Code
of the Philippines, which Aims to Rescind the Tax Exemption Privileges of
Cooperatives in the Philippines.”
The document expressed the signatories’ “strong and unyielding opposition
to repeal of sections 60 and 61 of Republic Act 9520”, and their opposition “to
the passage of House Bill 2765 authored by House Representative Gabriel Luis
Quisumbing and Senate Bill 2048 authored by Senator Loren Legarda.”
House Bill No. 2765 is entitled as “An Act Rationalizing the Grant
and Administration of Fiscal Incentives for the Promotion of Investments and
Growth, and for Other Purposes, also known as the Fiscal Incentives
Rationalization Bill”, while Senate Bill No. 2048 is “An Act Rationalizing
the Grant and Administration of Fiscal Incentives for the Promotion of
Investments and Growth and for other Purposes” or the “Consolidate
Investments and Incentives Code of the Philippines Act”.
The final statement of the manifesto said that “We, therefore,
register our demand for the deletion of all provisions in the bills listed
above repealing Articles 60 and 61 of RA 9520 or the Cooperative Code of the
2008."
Article 60 of RA 9520 states that “duly registered cooperatives
under the Code which do not transact any business with non-members or the
general public shall not be subject to any taxes and fees imposed under the in
the internal laws or any other tax laws..”
Article 61 says that “cooperatives transacting business with both
members and non-members shall not be subjected to tax on their transactions
with members, including final taxes on members’ deposits and documentary tax.”
Article 61 of RA 9520 further says that “Cooperatives with
accumulated reserves and undivided net savings of not more than P10 million
shall be exempt from all national, city, provincial, municipal and
barangay taxes of whatever name and nature. Such cooperatives shall be
exempt from customs duties, advance sales or compensating taxes on their importation…”
Carrying the voice of more than 14 million members of 24,000
cooperatives in the country, the manifesto said that “removing tax exemptions
of Cooperatives will deprive poor people the only organization that knows their
conditions and which provide them what they need”.
“We believe that such move will directly ‘kill the cooperatives’
in the country which are the prime movers of the country’s economy,” the
manifesto said. (PIA-XI/ Jeanevive Duron-Abangan)
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