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RMC 102-2016 PDF

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Mark Cabisada Jurilla

This revenue memorandum clarifies the requirements for cooperatives applying for a Certificate of Tax Exemption. It allows cooperatives to submit an oath listing members' names and capital contributions instead of tax identification numbers. Cooperatives have six months to submit members' tax identification numbers after receiving the certificate. Cooperatives may also apply for tax identification numbers on behalf of members by submitting required identification documents.

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RMC 102-2016 PDF

Uploaded by

Mark Cabisada Jurilla
291 views1 page
This revenue memorandum clarifies the requirements for cooperatives applying for a Certificate of Tax Exemption. It allows cooperatives to submit an oath listing members' names and capital contributions instead of tax identification numbers. Cooperatives have six months to submit members' tax identification numbers after receiving the certificate. Cooperatives may also apply for tax identification numbers on behalf of members by submitting required identification documents.

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This revenue memorandum clarifies the requirements for cooperatives applying for a Certificate of Tax Exemption. It allows cooperatives to submit an oath listing members' names and capital contributions instead of tax identification numbers. Cooperatives have six months to submit members' tax identification numbers after receiving the certificate. Cooperatives may also apply for tax identification numbers on behalf of members by submitting required identification documents.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
291 views1 page

RMC 102-2016 PDF

Uploaded by

Mark Cabisada Jurilla
This revenue memorandum clarifies the requirements for cooperatives applying for a Certificate of Tax Exemption. It allows cooperatives to submit an oath listing members' names and capital contributions instead of tax identification numbers. Cooperatives have six months to submit members' tax identification numbers after receiving the certificate. Cooperatives may also apply for tax identification numbers on behalf of members by submitting required identification documents.

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REVENUE MEMORANDUM CIRCULAR NO.

102-2016 issued on October 24, 2016


clarifies the requirement of Taxpayer Identification Number (TIN) for members of cooperatives
applying for Certificate of Tax Exemption (CTE) under Revenue Memorandum Order (RMO)
No. 76-2010 and Revenue Memorandum Circular (RMC) No. 81-2010.
The concerned Revenue District Offices (RDOs) shall allow the processing and
issuance/revalidation of CTEs of qualified cooperatives which do not have yet the TIN of
members, provided, that they submit, in lieu thereof, an original copy of Certification under oath
of the list of cooperative members, with their full name and capital contribution. Cooperatives
shall file the application for CTE by submitting duly accomplished BIR Form 1945 (revised
October 2016) and other documentary requirements set forth under Section 5.(A) or (B) of
RMO No. 76-2010, as the case may be.
The concerned RDO shall not deny or put on hold the processing and issuance of the
CTE solely on the basis of non-submission of the TIN of cooperative members. It is clarified,
however, that cooperatives, which have been granted with CTE under the preceding paragraph,
are still required to complete and submit to the concerned RDO the required TINs of their
members within six (6) months from the issuance of the CTE. Non-submission by the
cooperatives of the members TIN requirement within the said period shall be a ground for the
revocation of the CTE, in addition to those set forth under Section 8 of RMO No. 76-2010.
The cooperative, with proper authorization from the members, may apply for the
issuance of TIN in behalf of its members, by collating the members duly accomplished BIR
Form 1904 and valid identifications (photocopy of any identification issued by an authorized
government body [e.g. birth certificate, voters ID, community tax certificate or cedula,
passport, drivers license, etc.], which shows the name, address and birthdate of the person) in
support thereof, which shall be submitted to the concerned RDO, for the processing and
issuance of the TIN.

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