Are cooperatives exempt from paying taxes? | 19 October 2023

Cooperatives transacting business with both members and non-members shall not be subjected to tax on their transactions with members

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Alburo Law
October 19, 2023

Are cooperatives exempt from paying taxes? (Understanding tax exemptions for cooperatives in the Philippines)

Cooperatives transacting business with both members and non-members shall not be subjected to tax on their transactions with members. In relation to this, the transactions of members with the cooperative shall not be subject to any taxes and fees, including not limited to final taxes on members’ deposits and documentary tax. (Article 61, Republic Act No. 9520)

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