TAXABILITY OF COOPERATIVES

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TAXABILITY OFCOOPERATIVES
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REVENUE REGULATIONS NO. 20-2001dated November
12, 2001
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• Regulations Implementing Articles 61 and 62 of
  RA No. 6938, Otherwise Known as the Cooperative
  Code of the Philippines, in Relation to RA Nos.
  7716, 8241 and 8424, Thereby Amending RMC No.
  48-91

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SECTION 1. - SCOPE

• Pursuant to Section 244, in relation to Section 4
  of the NIRC of 1997, these regulations are hereby
  promulgated
• (1) to implement the provisions of
  Articles 61 and 62 of RA No. 6938,

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• as effectively amended by RA Nos. 7716, 8241 and
  8424 granting tax exemptions to cooperatives, and
• (2) to prescribe the guidelines for the
  Availment thereof, thereby amending RMC No. 48-91.

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SECTION. 2 - DEFINITIONS

• a) Cooperative means the cooperative duly
  registered with the CDA or whose registration
  has been confirmed by the latter, including
  primary, secondary or tertiary cooperatives

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Definition per PD NO. 175

• Cooperative shall mean only organizations
  composed primarily of small producers and
  consumers who voluntarily joined together to form
  business enterprises which they themselves own,
  control and patronize.

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• Small producer is a self-employed individual who,
  by himself or with his family, provides the
  primary labor requirements of his business
  enterprise or one who earns at least 50 of his
  gross income from the payment proceeds or income
  of the labor he provides.

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• b) Cooperative Development Authority - means the
  govt agency in charge of the registration and
  regulation of cooperatives as such, hereinafter
  referred to as the CDA

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• c) Registration - means the operative act
  granting juridical personality to a proposed
  cooperative as evidenced by a Certificate of
  Registration from CDA

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• Certificate of Tax Exemption - means the ruling
  granting exemption to the cooperative issued by
  the BIR
• (This means that cooperatives are not
  automatically exempt from certain taxes)

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• e) Income Tax - means corporate/ cooperative
  Income Tax under the National Revenue Code
• f) Sales Tax - refers to either the VAT or
  percentage tax (also referred to as business
  taxes)

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• g) Net Surplus/Net Savings - refers to the net
  amount arising from the operations of the
  cooperative, belonging to its members, not
  construed as profit, but as excess of payments
  made by the members for the loans borrowed

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• or the goods and services bought from the
  cooperative which shall be made available to them
  in the form of interest not to exceed the normal
  rate of return on investments and patronage
  refund.

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• h) Undivided Net Savings - refers to the
  amount arising from net surplus or any portion
  thereof which the Board of Directors of the
  General Assembly of the cooperative decides not
  to divide or make available to members in the
  form of

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• interest on share capital
• patronage refund
• reserve refund,
• education and training fund
• optional fund or
• any other statutory reserve

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• this also includes the amount arising from the
  net surplus or any portion thereof which the
  cooperative is unable to divide because the
  General Assembly of the cooperative has not been
  convened for more than (2) years.

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Definition per PD NO. 175

• Share Capital is the money paid or required to
  be paid by the members for the conduct of the
  operations of the cooperative
• Limited Interests to Capital - share capital
  shall earn only limited interests, the maximum
  rate of which is to be established by the Dept
  of Local Govt and Community Devt (now DILG)
  from time to time.

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• Patronage Refund - refers to Net Income after the
  interest on capital has been paid shall be
  redistributed among the members in proportion to
  their patronage.
• Reserve Refund The fund set aside for funding of
  reserves (statutory and other reserves)
  established by the cooperative such as
  Retirement, Mutual Benefit and other funds. This
  may be in the form of time deposits or other
  securities which are readily convertible into
  cash when needed.

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• i) Accumulated Reserves - refers to the amount
  of accrued sum of money annually retained and
  deducted from the net surplus which is not
  intended for allocation or distribution to the

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• members, usually deposited in the bank for the
  protection of and stability of the cooperative
  commonly referred to as the General Reserve Fund.

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SEC.3- EXEMPTION FROM TAXES

• 3.1 Duly registered cooperatives
  dealing/transacting business with members only
  shall be exempt from paying the following taxes
  for which they are directly liable, viz

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• Income Tax on income from operations
• VAT under Sec. 109 pars. (r), (s), (t) and (u) of
  the 1997 Tax Code
• -sale by agricultural cooperatives
• -sales by electric cooperatives
• -gross receipts by credit or

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• - sales by multi-purpose coops
• - sales by non-agricultural,
• non-electric and non-credit
• cooperatives subject to
• certain conditions.
• c. 3 Percentage Tax under Sec. 116 of
  the Tax Code of 1997

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• Donors tax on donations to duly accredited
  charitable, research and educational
  institutions, and reinvestment to socio-economic
  projects within the area of operation of the
  cooperatives
• Excise tax under the Tax Code

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• f. Documentary Stamp Taxes provided however,
  that the other party to the taxable document or
  transaction who is not exempt shall be the one
  directly liable for the tax and
• g. Annual RF of P500.00

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• 3.2 Taxability or Exemption of duly registered
  cooperatives dealing or transacting business with
  both members and non-members

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• I. For cooperatives with accumulated reserves and
  undivided net savings of not more than Ten
  Million Pesos (P10,000,000.00)

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• a. Exemption from all national internal revenue
  taxes for which they are directly liable. As
  enumerated under Sec. 3.1 of these
  Regulations.

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• For cooperatives with accumulated reserves and
  undivided net savings of more than Ten Million
  Pesos (P10,000,000.00)

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• a. IT exemption for the period of 10 years from
  the date of CDA registration, provided that,
  at least 25 of the Net Income of the
  cooperative is returned to the members in
  the form of interest and/or patronage refund.

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• For cooperatives whose exemptions were removed
  by EO No. 93, the 10-year period shall be
  reckoned from March 10, 1987 (meaning, tax
  exemption is valid only until March 10, 1997)

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• After the lapse of the 10-year period, they
  shall be subject to IT at the full rate on the
  amount allocated for interests on capital,
  provided that the same is not consequently
  imposed on interest individually received by
  members

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• The tax base for all cooperatives liable to IT
  shall be net surplus arising from business
  transactions with non-members after deducting the
  amounts for the statutory reserve funds as
  provided for in the Coop Code and other laws.

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• Exemption from VAT under Sec. 109 (r), (s), (t)
  and (u), 3 Percentage Tax and Annual
  Registration Fee
• c. Subject to all other internal revenue taxes
  unless otherwise provided by law and

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• d. Limited or full deduction from the gross
  income of donations to duly accredited
  charitable, research, educational institutions
  and reinvestment to socio- economic projects
  within the area of operation of cooperative.

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• Notwithstanding the foregoing, all income of the
  cooperative not related to its main/principal
  business/es shall be subject to all the
  appropriate taxes under the Tax Code.

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• This is applicable to all types of cooperatives,
  whether dealing purely with members or both
  members and non-members.
• In any event, all types of cooperatives are
  required to register with the BIR.

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SEC.4 - LIABILITY OF COOPS TO OTHER INTERNAL
REVENUE TAXES

• Regardless of classification they
  shall be subject to
• a) 20 Final Income Tax (FT) on
• - interest from any currency
• bank deposit and yield or

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• any other monetary benefit from deposit
  substitutes and from trust funds and similar
  arrangements and royalties derived from sources
  within the Philippines

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• b) 7.5 FT on interest derived from a depository
  bank under the expanded foreign currency deposit
  system (EFCDS)
• c) CGT on sales or exchanges of real property
  classified as capital assets or shares of stock

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• d) DST on transactions of cooperatives dealing
  with non- members when the accumulated reserves
  and undivided net savings of such cooperatives
  exceed P10M

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• e) VAT billed on purchases of goods and
  services, except the VAT on the (1) importation
  of agricultural cooperatives of direct farm
  inputs, machineries and equipment, including
  spare parts thereof, to be used directly

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• and exclusively in the production and/or
  processing of their produce, and (2) importation
  by electric cooperatives of machineries and
  equipment, including spare parts,

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• which shall be directly used in the generation
  and distribution of electricity, pursuant to
  Section 109 (r) and (s) of the Tax Code of 1997
  but which are not available locally as certified
  by the DTI.

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• All tax-free importations shall not be
  transferred to any persons until five (5) years,
  otherwise, the cooperative and the transferee or
  assignee shall be solidarily liable to pay twice
  the amount of the tax and/or the duties thereon

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• All other taxes for which the cooperatives are
  not otherwise expressly exempted by any law.
• Liability as WH Agents and are required to file
  WH Tax Returns and remit WH taxes on all income
  payments that are subject to WH.

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• COOPERATIVE AS WH AGENT -
• Creditable Expanded WH Taxes (CEWT) on certain
  expenses or income payments
• Final Withholding Taxes
• WH Tax on Compensation

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SEC.5. - TAXABILITY OF MEMBERS OR
STOCKHOLDERS

• The exemption of the cooperatives does not extend
  to their individual members. Thus, member of
  cooperatives are liable to pay all necessary
  internal revenue taxes

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• under the NIRC, including the tax on earnings
  derived from their capital contribution.
  Provided, however, that interests received by
  members of cooperative with accumulated reserves
  and

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• undivided net savings greater than P 10M , after
  the lapse of the 10-year exemption under Sec.32.
  (II) above, shall no longer be taxable in the
  hands of such members.

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SEC.6. DOCUMENTS TO BE ATTACHED TO THE LETTER-
APPLICATION FOR THE ISSUANCE OF TAX EXEMPTION
CERTIFICATE
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• Letter-Application signed by the President/Gen.
  Manager or his authorized representative, to be
  submitted to the Legal Division of the Rev.
  Region having jurisdiction over the coops
  principal place of business

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• b) DOCUMENTS TO BE ATTACHED
• Articles of Cooperation and By-Laws
• Certified true copy of Certificate of
  Registration issued by the CDA

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• c) Certified true copy of the Certificate of
  Confirmation of Registration from the CDA (in the
  case of Cooperative already existing and
  previously registered under P.D. 175, P.D. 775,
  and E.O. 898, before the creation of CDA)

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• d) Certificate under oath by President/Gen.Mgr whe
  ther the Coop is transacting business with
  members only or with both members and
  non-members, whichever is applicable

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• Original copy of the Certificate of Good Standing
  from CDA
• Certificate under oath by the Chairman/General
  Manager
• (if previously registered as above stated as
  certified by CDA),

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• as to the amount of accumulated reserves and
  undivided net savings, and that at least 25 of
  the net income is returned to the members in the
  form of interest and/or patronage refund

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• g) Certification under oath of the list of
  members and the share capital contribution of
  each member and
• h) Latest Financial Statements duly audited by
  an independent CPA.

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SEC.7. VALIDITY OF TAX EXEMPTION CERTIFICATE

• The Tax Exemption Certificate shall be valid
  during such period that the Cooperative is in
  good standing as ascertained by the CDA on an
  annual basis.

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SEC. 8 ANNUAL RETURN AND DOCUMENTS TO BE FILED
WITH THE BIR

• A copy of the Certificate of Good Standing issued
  by the CDA to the cooperative shall, together with

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• the Annual Information Return (for non-taxable
  cooperative) or IT Return (for taxable
  cooperative)
• and F/S, be submitted on or before the 5th day
  of the 4th month ffg. the close of the taxable
  year.

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SEC.9. VERIFICATION OF ANNUAL INFORMATION RETURN
(AIR) or ITR, FINANCIAL STATEMENTS, ATTACHMENTS
AND RECORDS
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• Pursuant to the last paragraph of Section 235 of
  the Tax Code of 1997, any provision of existing
  general or special law to the contrary
  notwithstanding, the books of accounts and other
  pertinent records, as well as the operations of
  all cooperatives,

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• may be examined by the BIR annually for purposes
  of ascertaining compliance with the conditions
  under which they have been granted tax exemptions
  or tax incentives, and their tax liabilities, if
  any, upon previous consultation with CDA.

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SEC. 10. REPEALING CLAUSE

• All revenue rulings, regulations and other
  issuances, including RMC No. 48-91, or parts
  thereof which are consistent with these
  Regulations are hereby amended or repealed
  accordingly.

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SEC 11. EFFECTIVITY

• These Regulations shall take effect upon approval
  hereof.

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REVENUE MEMORANDUM CIRCULAR NO. 72-2003
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• Tax implications of Electric Cooperatives
  registered with the National Electrification
  Administration and Cooperative Development
  Authority.

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• Electric Cooperatives (ECs) registered with
  the National Electrification Administration
  (NEA) are exempt from
• 1. Franchise tax under Section 119 of the Tax
  Code of 1997 (BIR Ruling No. DA-250- 03 dated
  July 31, 2003)

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• 2. VAT, on sales relative to the generation and
  distribution of electricity as well as their
  importation of machineries and equipment,
  including spare parts, which shall be directly
  used in the generation and

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• distribution of electricity (1997 NIRC as
  amended)
• 3. Income taxes for which they are directly
  liable P.D. No. 269)
• 4. All National Government taxes and fees,
  including franchise, filing, recordation,
  license or

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• permit fees or taxes, subject to certain
  conditions set forth by Presidential Decree
  No. 269.
• 5. Three Percent (3) Percentage Tax
  under Sec. 116 of the Tax Code of 1997.

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• B. Electric Cooperatives (ECs) registered
  with the (CDA).
• 1. For ECs that do not transact any business
  with non- members or the general public

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• a. Franchise taxes under Section 119 of the Tax
  Code of 1997 (BIR Ruling No. DA-250-03 dated
  July 31, 2003)
• b. Income Tax on income from operations

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• c. VAT, on sales relative to the generation
  and distribution of electricity as well as
  their importation of machineries and equipment,
  including spare parts, which shall be
  directly used in the generation

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• and distribution of electricity Sec. 109(s)
  of the Tax Code of 1997
• d. Three Percent (3) Percentage Tax under
  Sec. 116 of the Tax Code of 1997

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• e. Donor's Tax on donations to duly accredited
  charitable, research and educational
  institutions, and reinvestment to
  socio-economic projects within the area of
  operation of the ECs

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• f. Excise Tax under Title VI of the Tax Code of
  1997
• g. DST imposed under Title VII of the Tax
  Code of 1997. Provided, however, that the
  other party to the taxable document or
  transaction

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• who is not exempt shall be the one directly
  liable for the tax and
• h. Annual Registration Fee of P500.00 under
  Section 236(B) of the Tax Code of 1997.

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• 2. For coops transacting business with both
  members and non-members
• a. if ECs transact business with members, all
  national internal revenue taxes for which they
  are directly liable as enumerated under parag
  B-1

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• b If ECs transact business with nonmembers
  and have an accumulated reserves and undivided
  net savings of not more than P10M, all national
  internal revenue taxes for which they are
  directly liable under parag. B-1 hereof..

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• Such ECs shall be exempt from customs duties,
  advance sales or compensating taxes on their
  importation of machineries, equipment and spare
  parts used by them and which are not available
  locally as certified by the DTI.

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• All tax-free importations shall not be
  transferred to any person until after five (5)
  years, otherwise, the EC and the transferee or
  assignee shall be solidarily liable to pay twice
  the amount of the tax and/or duties thereon.

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• c. If ECs transact business with nonmembers and
  have an accumulated reserves and undivided net
  savings of more than P10M, it shall be exempt
  from the ff. taxes

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• i. IT for a period of 10 yrs. from date of
  registration with the CDA. Provided, that at
  least 25 of the net income of the EC is
  returned to the members in the form of interest
  and/or patronage refund

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• ii. VAT, on sales relative to the generation
  and distribution of electricity as well as
  their importation of machineries and
  equipment, including spare parts, which shall
  be

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• directly used in the generation and
  distribution of electricity Sec. 109(s) of
  the Tax Code of 1997
• iii. Annual Registration Fee of P500.00 under
  Section 236(B) of the Tax Code of 1997 and

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• iv. Donations to charitable, research and
  educational institutions and investment to
  socio- economic projects within the area of
  operation of the cooperative may be tax
  deductible.

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• But, subject to the ff. taxes
• i. IT after the expiration of the exemption-
  On the amount allocated for interest on
  capital Provided that IT is not consequently
  imposed on interest individually received by
  members

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• ii. Sales Tax after the expiration of the
  exemption - On sales to non-members and
• iii. All other taxes unless otherwise
  provided herein.

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• All ECs under this paragraph, regardless of the
  amount of accumulated reserves and undivided net
  savings shall be exempt from payment of taxes on
  transactions with banks and insurance companies

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• Provided, That all sales or services rendered
  for nonmembers shall be subject to the applicable
  percentage taxes except sales made by producers,
  marketing or service coops

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• Provided, further, That nothing in this RMC
  shall preclude the examination of the books of
  accounts or other accounting records of the EC by
  duly authorized internal revenue officers for
  internal revenue tax purposes only,

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• after previous authorization by the CDA.
• All ECs, whether it be registered with the NEA
  or CDA, shall be subject to

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• a. 20 final IT on interest from any currency
  bank deposit and yield or any other monetary
  benefit from deposit substitutes and from
  trust funds and similar arrangements
  royalties derived from sources within the
  Philippines.

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• 7.5 final IT on interest income derived
  from a depositary bank under the expanded
  foreign currency deposit system
• c. CGT on sales or exchanges of real property
  classified as capital assets or shares of
  stock

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• d. Documentary Stamp Taxes on transactions of
  ECs dealing with non-members when the
  accumulated reserves and undivided net savings
  of such cooperatives exceed P10M

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• e. VAT billed on purchases of goods and
  services not exempt.
• f. All other taxes for which the ECs are not
  otherwise expressly exempted by any law.

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• Moreover, all ECs are considered as withholding
  agents and are required to file withholding tax
  returns and remit withholding taxes on all income
  payments that are subject to withholding..

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REVENUE REGULATIONS NO. 14-2007
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• Tax on Non-governmental Organizations (NGOs) and
  Cooperatives Engaged in Microfinance Activities

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SECTION 1. Background

• The government has recognized the role of
  microfinance institutions in its poverty
  alleviation programs, particularly in carrying
  out the objectives of RA 8425 otherwise known as
  the Social Reform and Poverty Alleviation Act.

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• With the increasing number of NGOs and
  cooperatives engaging in microfinance activities,
  there is a need to clarify the tax treatment of
  profits on microfinance activities derived by
  these entities which enjoy tax exemption under
  existing laws and regulations.

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SECTION 2. Purpose

• Pursuant to the provisions of Sec. 244 of the
  NIRC, these Regulations are hereby issued to
  rationalize the tax exemptions of these entities
  based on existing

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• laws and regulations and the relevant tax
  treatment of the profits derived in relation to
  their delivery of microfinance services.

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SECTION 3. Definition of Terms

• A. Microfinance - is a credit and savings
  mobilization program exclusively intended for
  the poor to improve the asset base of
  households and expand the access to savings of
  the poor.

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• It involves the use of viable alternative
  credit schemes and savings programs including
  the
• extension of small loans
• Simplified loan application procedures
• group character loans

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• collateral-free arrangements
• alternative loan repayments
• minimum requirements for savings
• Small denominated savers instruments

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• consistent with the provisions of RA 8425, the
  maximum individual loan amount provided for
  microfinance loans is P150,000, subject to
  periodic determination of the DTI to reflect
  economic changes.

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• B. Cooperative - refers to associations duly
  registered with the CDA, composed of at least
  (15) persons, majority of which are poor, having
  a common bond of interest, who voluntarily join
  together to achieve a lawful, common social
  economic end.

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• It is organized by the members who equitably
  contribute the required share capital and accept
  a fair share of the risks and benefits of their
  undertaking in accordance with the universally
  accepted corporate principles and practices.

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• C. Credit cooperative - is a type of
  cooperative which provides thrift among its
  members and creates funds in order to grant
  loan for productive and provident purposes.

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• D. Multipurpose Cooperative is a type of
  cooperative which combines two (2) or more of
  the business activities of the different types
  of cooperatives.

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• E. Accumulated Reserves commonly referred to
  as the General Reserve Fund, refers to the
  amount of accrued sum of money annually
  retained and deducted

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• from the net surplus which is not intended for
  allocation and distribution to the members,
  usually deposited in the bank for the protection
  of and stability of the cooperative.

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• F. Undivided Net Savings refers to the amount
  arising from net surplus or any portion thereof
  which the Board of Directors or the General
  Assembly of the cooperative decides not to
  divide or make available to

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• members in the form of interest on share
  capital, patronage refund, reserve refund,
  education and training fund, optional fund or any
  other statutory reserve

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• this also includes the amount arising from the
  net surplus or any portion thereof which the
  cooperative is unable to divide because the
  General Assembly of the cooperative has not been
  convened for more than two (2) years.

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• G. Non Government Organizations (NGOs)- Refers
  to duly registered nonstock, nonprofit
  organizations focusing on the upliftment of
  the basic or disadvantaged sectors of society
  by providing advocacy, training, community
  organizing, research, access to resources, and
  other similar activities.

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SECTION 4. Tax Treatment of Microfinance Services
Rendered by Cooperatives

• Consistent with the provisions of Revenue
  Regulations No. 20-2001, the tax treatment for
  credit cooperatives on transactions related to
  its microfinance activities is as follows -

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• A. Duly registered credit cooperatives
  dealing/transacting with members only shall be
  exempt from paying the following taxes for
  which they are directly liable

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• a. Income tax from operations,
• b. Value-added tax (VAT),
• c. 3 percentage tax under Section 116 of the
  Tax Code of 1997, and

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• d. Documentary stamp tax (DST) imposed under
  Title VII of the Tax Code of 1997, 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.
• e. Annual Registration Fee of P500.00

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• B. Duly registered cooperatives
  dealing/transacting business with both members
  and nonmembers

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• a. For cooperatives with accumulated reserves
  and undivided net savings of not more than Ten
  Million Pesos (P10,000.000.00)
• i. exemption from taxes for which they are
  directly liable, as enumerated in paragraph A of
  this Section.

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• b. For credit cooperatives with accumulated
  reserves and undivided net savings of more than
  Ten Million Pesos (P10,000.000.00)

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• i. Exemption from income tax for a period of
  10 years from the date of registration with
  the CDA, provided, that at least twenty five
  percent of the net income of the cooperative
  is returned to the members in the form of
  interest and/or patronage fund.

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• For cooperatives whose exemption were removed by
  Executive Order No. 93, the ten year period shall
  be reckoned from March 10, 1987 (i.e., the tax
  exemption is valid only up to March 10, 1997)

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• After the lapse of such ten year period, they
  shall be subject to income tax at the full rate
  on the amount allocated for interests on capital,
  provided that the same is not consequently
  imposed on interest individually received by
  members.

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• The tax base for credit cooperatives liable to
  income tax shall be the net surplus arising from
  business transactions with nonmembers, including
  those arising from all microfinance activities,
  after deducting the amounts from the statutory
  reserve funds as provided for in the Cooperative
  Code and other laws.

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• ii. Exemption from VAT under Section 109(M) and
  3 tax under Section 116, both of the Tax Code,
  as amended.
• iii. Subject to all other internal revenue taxes
  unless otherwise provided by law.

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• Notwithstanding the foregoing, all income of
  cooperatives which undertake microfinance
  activities in addition to their registered
  purpose except credit cooperatives and
  multi-purpose cooperatives which have one of its
  business activities as those performed by credit
  cooperatives,

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• shall be subject to appropriate taxes under the
  Tax Code of 1997, as amended. This is applicable
  to all cooperatives, whether dealing purely with
  members or both members and non-members.

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• Moreover, all cooperatives, regardless of
  classification, are considered as withholding
  agents and are required to file withholding tax
  returns and remit withholding taxes on all income
  payments that are subject to withholding.

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SECTION 5. Tax Treatment of Microfinance Services
Rendered by NGOs

• All NGOs falling under the enumeration of Section
  30 of the Tax Code of 1997, as amended, are
  exempt from income taxes, in respect of income
  received by them as such.

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• However, income of such NGOs from microfinance
  activities, and which are not in respect of their
  registered activities covered by Section 30 of
  the Tax Code of 1997, as amended, regardless of
  the disposition made of such income, shall be
  subject to tax under the Tax Code of 1997, as
  amended.

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• Similarly, non-stock, non-profit NGOs, whether
  or not engaged in microfinance activities, are
  still also required to file withholding tax
  returns and remit withholding taxes on all income
  payments that are subject to withholding as
  specified in Revenue Memorandum Circular No.
  76-2003.

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SECTION 6. Repealing Clause

• These Regulations shall be read in consonance
  with Revenue Regulations No. 20-2001 and Revenue
  Memorandum Circular No. 76-2003.

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• All revenue rulings, issuances or parts thereof
  which are inconsistent with these Regulations
  insofar as microfinance activities of
  cooperatives and NGOs are concerned are hereby
  amended or repealed accordingly.

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SECTION 7. Effectivity

• These Regulations shall take effect fifteen (15)
  days after publication in the Official Gazette or
  newspaper of general circulation, whichever comes
  first.

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• UPDATES
• HOUSE OF REPRESENTATIVES 
• BILL NO. HB00513FULL TITLE
• AN ACT AMENDING THE COOPERATIVE CODE OF THE
  PHILIPPINES TO BE KNOWN AS THE "PHILIPPINE
  COOPERATIVE CODE OF 2007"SHORT TITLE
• "Philippine Cooperative Code of 2007"ABSTRACT
  Philippine Cooperative Code of 2004".

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• The measure seeks to amend the Cooperative Code
  to make the organization of cooperatives more
  attractive and to provide a fertile social and
  economic environment for cooperatives to succeed
  in their endeavors.
• BY CONG. DOMOGAN, MAURICIO G.DATE FILED - ON
  2007-07-02CO-AUTHORSZIALCITA, EDUARDO C.

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• REFERRAL ON 2007-07-30 TO THE COMMITTEE ON
  COOPERATIVES DEVELOPMENT, SECONDARILY REFERRED TO
  THE COMMITTEE(S) ON REVISION OF LAWS
• SIGNIFICANCE NATIONALSUBJECT
  COOPERATIVESDATEREAD nbsp 2007-07-30MOTHER
  BILL nbsp HB04312COSUBSTITUTEDBILLS
  nbspHB00081, HB00316, HB00645, HB01256, HB02874,
  HB03207, HB03979

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• SENATE OF THE PHILIPPINES
• 14th CongressSenate Bill No. 2264PHILIPPINE
  COOPERATIVE CODE OF 2008
• Filed on May 7, 2008 by Biazon, Rodolfo G.,
  Ejercito-Estrada, Jinggoy P., Pimentel Jr.,
  Aquilino Q., Zubiri, Juan Miguel F., Villar,
  Manny, Lapid, Manuel "Lito" M.

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• Long title
• AN ACT AMENDING THE COOPERATIVE CODE OF THE
  PHILIPPINES TO BE KNOWN AS THE PHILIPPINE
  COOPERATIVE CODE OF 2008
• Scope - National
• Legislative status
• Conference Committee Report Approved by Senate
  (11/26/2008)