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RMC No. 66-2020: Circularizes Republic Act No. 11364, entitled “An Act Reorganizing and Strengthening the Cooperative Development Authority, Repealing for the Purpose Republic Act No. 6939, Creating the Cooperative Development Authority”

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Summary

RMC No. 66-2020 circularizes RA No. 11364, which reorganizes and strengthens the Cooperative Development Authority and repeals RA No. 6939.

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Key points

  1. List of registered cooperatives. The Authority gives the BIR, Local Government Units (provinces, highly-urbanized and independent cities) and other concerned agencies a certified list of duly registered cooperatives. The list is used to process tax exemptions.
  2. Penalty for violation. A public official or employee who violates or circumvents this provision is dealt with under Article 140 of RA No. 9520.

Who is affected

  • Cooperatives registered with the Cooperative Development Authority
  • Public officials and employees handling the list

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.