Rule II, Section 1 of the Joint Administrative Order (JAO) No. 1-2019 and Memorandum Circular (MC) No. 2019-06, Series of 2019 requires all types and categories of cooperatives registered with the CDA and were issued with Certificate of Tax Exemption (CTE) by the Bureau of Internal Revenue (BIR) availing incentives, shall submit to the Authority a complete Annual Tax Incentives Report (Annex “A”) of their income-based tax incentives, value-added tax and duty exemptions, under RA No. 9520 as mandated under Section 4, paragraph (2) of RA No. 10708 and Section 3 of RA No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion Law (TRAIN Law).
Submission of Annual Tax Incentives Report (Annex “A”) covering the taxable year 2018 shall file and submit “Annex A” to the respective CDA Extension Offices on or before July 31, 2019.
Failure to submit the Tax Incentive Report to the Authority shall be meted a penalty stipulated under Rule IV, Section 1 of the JAO 1-2019 and MC No. 2019-06.
For the guidance and information of all concern.
RESOURCES:
Signed JAO No.1-2019
Signed JAO Transmittal
Memorandum Circular 2019-06
Annex A for Cooperatives
Annex B for CDA Extension Offices
Annex C Masterlist
