Application for Certificate of Tax Exemption
The Regional Director
Bureau of Internal Revenue
Revenue Region No, ______
Attn. : Chief, Legal Division
Revenue District Officer
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
Province of _________________ ) s.s.
City/Municipality of __________ )
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
ÿ with members only
ÿ 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 _________________ ,
SUBSCRIBED AND SWORN TO before me this ___ day of __________ at ____________ ,