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
August 12 –
International Youth Day
“Empowering youth,
building generations!”
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
August –
Aug 1-7 World breastfeeding week
Aug 9 – International Day of the World’s Indigenous Peoples
Aug 12 – International youth day
Aug 19 – World humanitarian day
Aug 23 – International Day for the Remembrance of the Slave Trade and Its Abolition
Monthly Observances:
Farms Safety Month
Breastfeeding Awareness Month
Weekly Observances:
Aug 17-23: Made in the Philippines
Product Week
Aug 29-Sept 5: Rice and Corn Week
Daily Observances:
Aug 1: Family Planning Day
Aug 9: National Indigenous Peoples Day
Aug 12: International Humanitarian Law Day
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