Tax Exemption Granted to Canlubang Producers Consumers Cooperative Stor
BIR Ruling No. 326-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 17, 1958
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June 17, 1958 BIR RULING NO. 326-58 The President Canlubang Producers Consumers Cooperative Store Canlubang, Laguna S i r : With reference to your letter dated August 12, 1957, requesting information as to whether or not the Canlubang Producers Consumers Cooperative Store is exempt from the payment of all taxes and government fees under the provisions of Republic Act No. 2023, I have the honor to inform you that if your cooperative is organized in accordance with the provisions of said Act, your cooperative is exempt from all taxes and government fees if its net assets do not exceed P500,000.00. llcd Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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