US EditionGatchalian wants Senate inquiry on tax benefit threats vs coops
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Gatchalian wants Senate inquiry on tax benefit threats vs coops
Senator Sherwin Gatchalian has called for a congressional inquiry into a Bureau of Internal Revenue (BIR) requirement that allegedly threatens the tax exemption privileges of cooperatives. Gatchalian is referring to the requirement for cooperative members to present a Tax identification number (TIN) when obtaining a Certificate of Tax Exemption (CTE). Through its Revenue Memorandum Circular (RMC) No.124-2020, the BIR stated that the TIN requir…
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