The Bureau of Internal Revenue (BIR issued Revenue Memorandum Circular (RMC) No. 102-2016, 24 October 2016, to clarify the Taxpayer Identification Number (TIN) requirement for members of cooperatives applying for Certificate of Tax Exemption (CTE) under Revenue Memorandum Order (RMO) No. 76-2010 and RMC No. 81-2010.
The Circular allows the processing and issuance/revalidation of CTEs of qualified cooperatives which do not have yet the TIN of members, provided that they submit, in lieu thereof, an original copy of Certification under oath of the list of cooperative members, with their full name and capital contribution. It is clarified, however, that cooperatives are still required to complete and submit the required TINs of its members within six (6) months from the issuance of the CTE. Non-submission by the cooperatives of the members’ TIN requirement within the said period is a ground for the revocation of the CTE.
Special InTAX November attachment
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