Summary
RMO No. 42-2020 prescribes the guidelines for submitting the Monthly Report on Issuance/Denial of Tax Exemption of cooperatives and non-stock, non-profit associations and organizations, under RA No. 9520 and Section 30 of the Tax Code.
Key points
- Coverage period. The reports cover Certificates of Tax Exemption (CTEs) issued to cooperatives beginning January 1, 2018, the effectivity of the TRAIN Law. For non-stock, non-profit organizations they cover CTEs issued by the Regional Offices beginning July 24, 2019, the date of RMO No. 38-2019.
- Reports due. All Regional Directors submit by the 15th day of the following month: a summary of CTEs issued to cooperatives, a summary of CTEs issued to non-stock, non-profit organizations, and a summary of denied applications of non-stock, non-profit organizations.
- How to submit. Each report goes in hard copy with copies of the CTEs, or of the denial Rulings, to the Assistant Commissioner, Legal Service, with soft copies emailed to the offices named in the Order.
- Penalty. Missing the deadlines violates office rules and regulations, with the penalty in the Revised Code of Conduct as implemented by RMO No. 53-2010.
Who is affected
- Regional Directors
Deadlines and effectivity
- Reports due on or before the 15th day of the following month
- Cooperative CTEs from January 1, 2018
- Non-stock, non-profit CTEs from July 24, 2019
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.