THE savings and time deposits of members of credit cooperatives are exempt from the 20-percent withholding tax, the Supreme Court has ruled.
The Court made its ruling after it rejected a Court of Tax Appeals decision saying that the Dumaguete Cathedral Cooperative was liable to pay Internal Revenue in Bacolod City P2.64 million, which represented its tax deficiency plus interest for the years 1999 and 2000.
The Court’s Second Division said the legislative branch’s intention to give cooperatives preferential tax treatment was apparent in the Cooperative Code of the Philippines. Rey E. Requejo, Manila Standard Today
April –
MONTH OF PLANET EARTH!
“Climate change, El Nino,
and the Middle East conflict
are wreaking havoc on Planet Earth.”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
April – Month of Planet Earth
Weekly Observances:
April 24-30 — World Immunization Week
Daily Observances:
Apr 5 — International Day of Conscience
Apr 7 — World Health Day
Apr 15 — International Day of Wellness
Apr 21 — Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health
at Work
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