Bureau of Local Government Finance Opinion

July 6, 2012 BUREAU OF LOCAL GOVERNMENT FINANCE OPINION Mr. Pacienciano A. Tomarong General Manager Aurora Integrated Multipurpose Cooperative (AIMCOOP) Burgos St., Poblacion, Aurora Zamboanga del Sur Sir : This pertains to your letter dated April 2, 2012, requesting a Certificate of Tax Exemption from payment of the real property tax on the real properties owned by AIMCOOP. You informed that some local government units (LGUs), assessed the real properties of AIMCOOP thereby requiring you to pay the corresponding realty tax. You contended however, that pursuant to R.A. No. 9520, the said cooperative is exempt from the payment of real property tax. In this connection, enclosed is a copy of our 1st Indorsement dated July 5, 2012, addressed to the City Assessor and the City Treasurer, both of Zamboanga del Sur, stating among others, that in pursuance of the provisions of Section 234 (d) of the Local Government Code (LGC) of 1991 (R.A. No. 7160), and R.A. No. 9520, as amended, the real properties of said cooperative are exempt from realty tax. We trust that we have addressed your concern accordingly. aDcETC Very truly yours, (SGD.) SALVADOR M. DEL CASTILLO OIC-Executive Director