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RMC No. 57-2009: Publishes the full text of the memorandum of Finance Secretary Margarito B. Teves directing BIR to stop issuing tax assessments for taxable year 2009 against cooperatives registered with the Cooperative Development Authority based on the old Cooperative Law

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Summary

RMC No. 57-2009 publishes the full text of a memorandum of Finance Secretary Margarito B. Teves to the Chairperson of the Cooperative Development Authority on tax assessments against cooperatives.

Key points

  1. Stop on assessments. The memorandum tells Honorable Lecira V. Juarez, Chairperson of the Cooperative Development Authority, that BIR offices have been directed to stop issuing tax assessments for taxable year 2009 against cooperatives based on the old Cooperative Law.

Who is affected

  • Cooperatives registered with the Cooperative Development Authority

Deadlines and effectivity

  • Issued October 6, 2009
  • Covers taxable year 2009

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.