TIN requirement of co-op members stays, says BIR The Bureau of Internal Revenue (BIR), the Government agency for tax collection, stood pat that co-ops must submit the Tax Identification Numbers amidst calls for its repeal. In its Revenue Memorandum Circular 124-2020 issued on November 25,the BIR has made its verdict final. The RMC was in […]
Coops (and members) exempt from Documentary Stamps
Coops (and members) exempt from Documentary Stamps It is final. The Bureau of Internal Revenue (BIR) has clarified to all its personnel that co-ops need not pay for Documentary Stamps. Thanks to a “Request for Ruling” that COOP-NATCCO Partylist Rep. Sabiniano Canama filed, the BIR issued Memorandum Circular 124-2020 dated November 25, 2020. On the […]
NATCCO launches Aflatoun Manual
NATCCO launches Aflatoun Manual To help co-ops reach the youth, the NATCCO Network on December 3 formally launched the Aflatoun Manual. The document standardizes and eases the implementation of Aflatoun, NATCCO’s flagship program for the youth. Under the Aflatoun Program, primary co-operatives partner with public schools, training teachers to train kids on financial literacy. Kids […]
Cooperatives donate P5M for COVID vaccine
Cooperatives donate P5M for COVID vaccine While cooperatives all over the country are reeling from the COVID-19 Crisis and yet have complied with the Government regulations promulgated by the Cooperative Development authority and with the Bayanihan 2 Act that declared a moratorium on loan payments for all lending institutions – including cooperatives. But more importantly, […]
KAYA ATM boosts TOMVEDCO operation & reputation
KAYA ATM boosts TOMVEDCO operation & reputation Tondo, MANILA – During the COVID Crisis, the Tondo Foreshore Market Vendors Development Cooperative (TOMVEDCO), which operates in one of the poorest and densely populated areas in Metro Manila, distributed rice & food packs, provided flu and pneumonia vaccination, and fed 210 local kids nutritious meals under the […]