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    Application For Certificate of Tax Exemption

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    Susan Pascual
    This document is an application for a Certificate of Tax Exemption submitted by a cooperative to the Bureau of Internal Revenue. It includes the required documents like articles of cooperation, certificate of registration from CDA, latest audited financial statements, and an affidavit from the chairman certifying that the cooperative transacts business with members only or both members and non-members, and that at least 25% of net surplus is returned to members. It requests acknowledgement of receipt of the application and supporting documents.

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    Application For Certificate of Tax Exemption

    Uploaded by

    Susan Pascual
    719 views3 pages
    This document is an application for a Certificate of Tax Exemption submitted by a cooperative to the Bureau of Internal Revenue. It includes the required documents like articles of cooperation, certificate of registration from CDA, latest audited financial statements, and an affidavit from the chairman certifying that the cooperative transacts business with members only or both members and non-members, and that at least 25% of net surplus is returned to members. It requests acknowledgement of receipt of the application and supporting documents.

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    This document is an application for a Certificate of Tax Exemption submitted by a cooperative to the Bureau of Internal Revenue. It includes the required documents like articles of cooperation, certificate of registration from CDA, latest audited financial statements, and an affidavit from the chairman certifying that the cooperative transacts business with members only or both members and non-members, and that at least 25% of net surplus is returned to members. It requests acknowledgement of receipt of the application and supporting documents.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    719 views3 pages

    Application For Certificate of Tax Exemption

    Uploaded by

    Susan Pascual
    This document is an application for a Certificate of Tax Exemption submitted by a cooperative to the Bureau of Internal Revenue. It includes the required documents like articles of cooperation, certificate of registration from CDA, latest audited financial statements, and an affidavit from the chairman certifying that the cooperative transacts business with members only or both members and non-members, and that at least 25% of net surplus is returned to members. It requests acknowledgement of receipt of the application and supporting documents.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Application for Certificate of Tax Exemption - Cooperatives

    Application for Certificate of Tax Exemption

    The Regional Director


    Bureau of Internal Revenue
    Revenue Region No, ______

    Attn. : Chief, Legal Division


    Thru ______________
    Revenue District Officer

    Sir :

    Pursuant to Revenue Regulation 20-2001, we respectfully submit the following


    requirements for the issuance of a Certificate of Tax Exemption to____
    ______________________________ Cooperative, to wit:

    Certified true copy of Articles of Cooperation and By-Laws.


    Certified true copy of Certificate of Registration / Confirmation issued by CDA.
    Original copy of Certificate of Good Standing from the CDA.
    Latest financial statements duly audited by an independent CPA
    Certification under oath by the Chairperson / General Manager
    a. The cooperative is transacting business
    with members only
    with both members and non-members.
    b. Amount of accumulated general reserve fund and undivided net savings.

    c. At least 25% of the net surplus is retained to members in the form of interest on
    capital and a patronage refund.
    d. List of members and the share contribution of each member.

    Please acknowledge receipt thereof.

    Very truly yours,

    __________________
    Chairman of the Board/Manager

    Attachment to the application for CTE

    Republic of the Philippines }


    Province of _________________ ) s.s.
    City/Municipality of __________ )

    AFFIDAVIT

    I, _____________________ of legal age and with postal address at


    __________________________ after having been duly sworn to in accordance with law
    do hereby depose and say :
    That I am the duly elected chairman of the __________ .;
    That as chairman I am aware of the operations of the above cooperation ;
    That the cooperative is transacting business
    with members only
    with both members and non-members
    That the accumulated general reserve fund and net savings of the cooperation as of
    ________ is ________ .
    That at least 25% of the net surplus is retained to members in the form of interest
    on capital and/or patronage fund.
    That attached hereto is a list of members and their corresponding share capital
    contribution to the cooperative.
    That I am executing this affidavit to prove to the veracity of the above statements.
    In witness whereof, I have hereunto set my hand this ____ day of ___________ at
    _________________ , Philippines.

    __________________
    Affiant

    SUBSCRIBED AND SWORN TO before me this ___ day of __________ at ____________ ,


    Philippines, affiant exhibiting to me his / her CTC No. ______ issued at _________ on
    ______________ .

    NOTARY PUBLIC

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