Jose R. Ping-ay, 1950 – 2020 The Co-op Sector on September 18 mourns the passing of co-op champion Jose R. Ping-ay. He served as Chairman the Board of Directors of the NATCCO Network from 2008 to 2009 and as COOP-NATCCO Representative in 2009 to 2013. It was during his term as Chairperson in 2008 that […]
ACCU issues Business Solutions 26 for Climate Action in Asia
ACCU issues Business Solutions 26 for Climate Action in Asia THAILAND – The Association of Asian Confederation of Credit Unions (ACCU) issued in July its Business Solutions 26 (BS 26), a tool to determine whether a co-op is helping to achieve the United Nations Sustainable Development Goal #13, which is Climate Action. Thirty (30) key […]
ICA urges all to Climate Action
ICA urges all to Climate Action Brussels, BELGIUM — The International Cooperative Alliance (ICA) invited all cooperatives worldwide to celebrate the International Day of Cooperatives on July 4 by taking action against climate chang The 2020 International Day of Cooperatives theme – Cooperatives for Climate Action – was chosen to support Sustainable Development Goal (SDG) […]
Six entities push women entrepreneurs toward digital economy
Six entities push women entrepreneurs toward digital economy The National Confederation of Cooperatives (NATCCO), Department of Trade and Industry (DTI), United States Agency for International Development (USAID), Facebook Philippines, Lazada, and Shopee have partnered to launch a program that will support women entrepreneurs using digital platforms. The Connecting Women Entrepreneurs to the Digital Economy Project […]
Virtual Instructor Led Training is New Key Method for Training
Virtual Instructor Led Training is New Key Method for Training In order to continue providing for the needs of co-ops while keeping up with the situation brought about by the COVID-19 Pandemic, the NATCCO Knowledge Resource Center has transformed its training by using the Virtual Instructor Led Training (VILT). We encourage every cooperative to adapt […]
Tagum Coop supports DEPED’s Brigada Eskwela
Tagum Coop supports DEPED’s Brigada Eskwela TAGUM CITY – The COVID-19 crisis has transformed physical interaction – including the traditional classroom education. Thus, the Department of Education initiated its learning continuity plan using various teaching modes – online, modular, broadcast learning. Tagum Cooperative strengthens its partnership with the Department of Education by supporting the annual […]
Co-ops to file “Request for Ruling” on Doc Stamps
Co-ops to file “Request for Ruling” on Doc Stamps Article 61 of the Cooperative Code says co-ops are exempt from Documentary Stamp Tax (DST). So why are DST’s required when co-ops transact with members or other entities? At the TWG discussions on July 21, some co-ops complained to the Bureau of Internal Revenue (BIR) that […]
Co-ops can issue TIN to members online with “eREG” (TIN Series Part 4)
Co-ops can issue TIN to members online with “eREG” (TIN Series Part 4) To ease the process of obtaining or retaining a co-op’s Certificate of Tax Exemption (CTE), the BIR announced at a Tax Exemption Technical Working Group (TWG) on July 15 that co-ops can issue to members their Tax Identification Number (TIN) online. When […]
Co-ops to issue TINs to members (TIN Series Part 3)
Co-ops to issue TINs to members (TIN Series Part 3) QUEZON CITY — The Tax Identification Number (TIN) of co-op members is very important because without it, the Bureau of Internal Revenue (BIR) cannot issue a co-op its Certificate of Tax Exemption (CTE). Co-op leaders at a series of meetings with the Department of Finance, […]
Why do co-ops have to submit TIN of members? (Part 2)
Why do co-ops have to submit TIN of members? (Part 2) At a Tax Technical Working Group (TWG) online meeting discussing co-op tax exemptions held last July 15, COOP-NATCCO Partylist Rep. Ben Canama said that “the TIN requirement on co-ops has been one of the reasons why co-ops “cannot appreciate very much the tax exemptions […]