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BIR requirement imperils tax perks for co-ops–solon

Business Mirror LogoBusiness Mirror5d ago

BIR requirement imperils tax perks for co-ops–solon - Business Mirror

Quick Summary:

TAKING up the cudgels for cooperatives playing key role in promoting economic growth and livelihood generation, Senator Sherwin T.

Gatchalian has filed a resolution seeking an inquiry into a requirement by the Bureau of Internal Revenue (BIR) that Gatchalian said imperils the tax exemption privileges of cooperatives.

Some RDOs reportedly impose a limit on the number of TIN applications a cooperative can process each day, prioritizing other taxpayers instead.


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Article Details

Author / Journalist: Butch Fernandez

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-26 @ 16:08:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25457106

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About Business Mirror

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 14 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 17 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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