• CDA Appeals to the Billionaire Co-operatives

    TAGUIG CITY – The Cooperative Development Authority (CDA) has broadcast an appeal to the so-called Billionaire Co-operatives to use their vast resources to 1) protect the environment, 2) assist indigenous Filipinos, and 3) help small or fledgling co-operatives.   At the Read More
  • ICA Confab on People-Centered Development

    KUALA LUMPUR – More than 1,800 co-operators are meeting here for the International Co-operative Alliance’s Global Conference and General Assembly (14- 17 November). For three days co-operators from around the world will examine how co-operatives are putting people at the centre Read More
  • NATCCO Central Fund is 15!

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  • What to do with all that Lovely Money

    Retired Major General Gilbert Llanto of ACDI Multi-Purpose Cooperative in Taguig City was invited to speak at the recent Agricultural Cooperative Conference in Quezon City.  Every co-op leader should read this, and have the same conviction.    As you very Read More
  • What to do with all that Lovely Money

    Retired Major General Gilbert Llanto of ACDI Multi-Purpose Cooperative in Taguig City was invited to speak at the recent Agricultural Cooperative Conference in Quezon City.  Every co-op leader should read this, and have the same conviction.    As you very Read More
  • Handbook on Job Analysis and Evaluation

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  • Credit Union Day!

    On October 19, the NATCCO Network office and its 850 member co-ops all over the Philippines, along with more than 56,000 credit unions around the world, celebrate International Credit Union Day (ICU Day), and the philosophy and achievements of the Read More
  • Tagum Cooperative Golden Success Thru Excellence

    Tagum Cooperative (TC) was established in 1967 as the Holy Name Society (HNS), a Catholic lay organization in Tagum Parish. The first co-op members were the 38 HNS members, with a starting capital of Php 80 in which four of Read More
  • Court Denies anti-CISA TRO Request

    BAGUIO CITY – The Credit Information System Act (CISA) includes co-ops, is constitutional, and was not repealed by the passage of the New Cooperative Code in February 2009.  Thus, co-operatives are subject to the CISA.   This was the ruling of Read More
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"Bogus Co-ops are Rats!" – Rep Bravo

QUEZON CITY -- Kung may daga sa bahay, hindi mo naman kailangan sunugin yung bahay! (If there are rats in the house, you don’t have to burn the house!)

These were the strong words spoken by Representative Anthony Bravo of Coop-NATCCO Partylist at the induction of the Board of Directors of the Philippine Cooperative Center (PCC) last July 21.  

Bravo was replying to statements by Dept. of Finance officials that co-op tax exemption privilege should be repealed because many co-ops were established by unscrupulous businessmen to evade taxes.  

“We will not tolerate the activities of these pseudo-cooperatives who are circumventing the law to evade the payment of taxes. We condemn such acts for they are giving the cooperative sector a bad name,” Bravo said in his Privilege Speech at the Congress session on July 25.

Co-operatives are exempt from taxes, according Articles 60 & 61 of the Cooperative Code.

The Dept. of Finance drafted the Tax Reform Bill that proposes to remove tax exemptions – including those of co-ops.  
 “The coop sector will help the government in its tax collection efforts and in curbing bogus cooperatives,” he added.

In a meeting with co-op leaders last April 17, Finance Undersecretary Karl Chua listed violators as labor recruiters who put up service co-ops, rice traders using agricultural cooperatives to skirt import duties, and usurers who put up credit co-ops to leverage the tax exemptions.

“I have asked the DOF to name co-ops so we can go after them, but they could not give names,” he told 15 new officers of the PCC, staff and guests.

However, the solon maintained that it is not right to remove the tax exemption of cooperatives just because there are some groups abusing the system.

The lawmaker said he is contemplating of filing a resolution in aid of legislation to investigate the activities of unscrupulous groups who are operating as cooperatives but whose business model is different from the legitimate cooperatives.

The coop solon also proposed the creation of an inter-agency audit team composed of the Bureau of Internal Revenue, Cooperative Development Authority, Department of Trade and Industry and representatives from the coop sector to audit cooperatives in the country.

Moreover, Bravo assured the government of full cooperation to ensure that the tax privileges granted by the government to cooperatives are not abused.
 
“We commit to the government that we will police our own ranks. We will encourage the national and regional coop federations to ensure that their respective member cooperatives are real and are operating based on the cooperative values and principles that we instill to each and every co-operator,” he said.
 
Bravo thanked the House leadership led by Speaker Pantaleon Alvarez and the 167 district and partylist representatives for supporting the retention of VAT exemption of cooperatives in the Tax Reform for Acceleration and Inclusion (TRAIN) bill passed by the House on May 31.

Partylist Coop-NATCCO represents the cooperative sector in the House of Representatives.
 

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