This document provides an overview of a seminar on taxation updates for cooperatives. It discusses the tax exemption provisions in the Cooperative Code and relevant tax laws. It reviews how cooperatives are classified and their tax exemption or taxability depending on factors like whether they transact with members only or members and non-members, the size of their reserve funds, and length of time in operation. The presentation outline covers legal bases of exemptions, recent tax rulings and court decisions, and problem areas affecting cooperatives. It also discusses exemptions and taxes applicable to different types of cooperatives.
The document summarizes key proposed changes in the Income Tax Act 2023 in Bangladesh. Some of the major changes include:
- Reducing the number of tax return statements from 29 to 12 to simplify the return filing process.
- Providing a comprehensive list of deductible business expenses with new structures for general and specific deductions.
- Widening the caps on expense limits and including new areas for tax deductions to make the tax system more investment and business friendly.
- Introducing provisions to better align the tax laws with international financial reporting standards (IFRS) and address differences between IFRS and tax laws.
As a supplement to our China Tax Alert, China Tax Bulletin aims to provide on a bi-monthly basis a high level overview on the latest tax rules released by various authorities, especially those by China SAT and local tax authorities and the implications for businesses.
The document summarizes direct tax proposals in the Indian Budget for 2016-2017, including:
- Threshold income limits and tax rates will largely remain the same, with some small increases to rebates and limits. Surcharge will be increased for higher income levels.
- New tax incentives are proposed for start-ups. Several deductions will be phased out over time, with lower percentages allowed until full removal.
- Changes also include increased TDS thresholds, taxation of dividends over Rs. 10 lakhs, and introduction of presumptive taxation schemes for professionals and businesses with income under Rs. 50-100 lakhs.
The document summarizes key details about the Goods and Services Tax (GST) in India and an event organized to educate about GST. It discusses that GST was implemented on July 1st, 2022 after years of work. The event was organized by the Department of Commerce & Management Studies at Kendrapada Autonomous College to help understand GST design, features, administration, benefits, and the way forward. Key points covered include GST rates and components, the GST Council and its role, return filing process, and anticipated benefits such as reduced prices, simplified tax regime, and improved ease of doing business.
U.S. Gandhi Budget 2015 - 2016 AnalysisKunal Gandhi
The document provides information about a multi-disciplinary chartered accountancy firm, including details about its founding, vision, services offered, and team members.
It discusses the firm's founding in 1983 with a vision to provide advisory and support services to domestic and international businesses and organizations. It explains how the firm blends knowledge, analytics, quality assurance, and high-quality professionals to meet client needs.
Biographies are provided for the founder and managing partner and another partner, outlining their specializations, experience, and roles within the firm.
This document provides an overview of key Indian tax rates, rules, and regulations for the assessment years 2021-22 and 2022-23. It summarizes income tax slabs and rates for individuals, HUF, firms, companies and cooperative societies. It also outlines key tax deducted at source provisions around applicable thresholds and rates for common income types like salary, interest, dividends, rent, professional fees, and payments to contractors.
The document summarizes key highlights from India's 2010-2011 budget related to indirect taxes, direct taxes, deductions and exemptions, and tax rates. Some key points include:
- Service tax rate remained unchanged at 10% but new services were taxed, while some services were excluded.
- Income tax slabs and exemption limits for individuals remained largely unchanged. Surcharge on personal income tax was removed.
- Corporate tax rate remained at 30% for domestic companies. MAT was increased to 18% and surcharge reduced to 7.5% for companies with income over Rs. 1 Crore.
- Deductions were introduced or increased for infrastructure bonds, health insurance, and research and development expenditures.
This document provides an overview of various Indian taxation systems relevant for entrepreneurs, including sales tax (VAT), central sales tax, excise duty, and income tax. It discusses the key aspects entrepreneurs need to be aware of for each tax type, such as registration requirements, applicable tax rates, and common deductions or exemptions. The document specifically highlights several income tax benefits available to small-scale entrepreneurs, like tax holidays, depreciation allowances, and concessions for units located in backward or rural areas.
The document summarizes key proposed changes in the Income Tax Act 2023 in Bangladesh. Some of the major changes include:
- Reducing the number of tax return statements from 29 to 12 to simplify the return filing process.
- Providing a comprehensive list of deductible business expenses with new structures for general and specific deductions.
- Widening the caps on expense limits and including new areas for tax deductions to make the tax system more investment and business friendly.
- Introducing provisions to better align the tax laws with international financial reporting standards (IFRS) and address differences between IFRS and tax laws.
As a supplement to our China Tax Alert, China Tax Bulletin aims to provide on a bi-monthly basis a high level overview on the latest tax rules released by various authorities, especially those by China SAT and local tax authorities and the implications for businesses.
The document summarizes direct tax proposals in the Indian Budget for 2016-2017, including:
- Threshold income limits and tax rates will largely remain the same, with some small increases to rebates and limits. Surcharge will be increased for higher income levels.
- New tax incentives are proposed for start-ups. Several deductions will be phased out over time, with lower percentages allowed until full removal.
- Changes also include increased TDS thresholds, taxation of dividends over Rs. 10 lakhs, and introduction of presumptive taxation schemes for professionals and businesses with income under Rs. 50-100 lakhs.
The document summarizes key details about the Goods and Services Tax (GST) in India and an event organized to educate about GST. It discusses that GST was implemented on July 1st, 2022 after years of work. The event was organized by the Department of Commerce & Management Studies at Kendrapada Autonomous College to help understand GST design, features, administration, benefits, and the way forward. Key points covered include GST rates and components, the GST Council and its role, return filing process, and anticipated benefits such as reduced prices, simplified tax regime, and improved ease of doing business.
U.S. Gandhi Budget 2015 - 2016 AnalysisKunal Gandhi
The document provides information about a multi-disciplinary chartered accountancy firm, including details about its founding, vision, services offered, and team members.
It discusses the firm's founding in 1983 with a vision to provide advisory and support services to domestic and international businesses and organizations. It explains how the firm blends knowledge, analytics, quality assurance, and high-quality professionals to meet client needs.
Biographies are provided for the founder and managing partner and another partner, outlining their specializations, experience, and roles within the firm.
This document provides an overview of key Indian tax rates, rules, and regulations for the assessment years 2021-22 and 2022-23. It summarizes income tax slabs and rates for individuals, HUF, firms, companies and cooperative societies. It also outlines key tax deducted at source provisions around applicable thresholds and rates for common income types like salary, interest, dividends, rent, professional fees, and payments to contractors.
The document summarizes key highlights from India's 2010-2011 budget related to indirect taxes, direct taxes, deductions and exemptions, and tax rates. Some key points include:
- Service tax rate remained unchanged at 10% but new services were taxed, while some services were excluded.
- Income tax slabs and exemption limits for individuals remained largely unchanged. Surcharge on personal income tax was removed.
- Corporate tax rate remained at 30% for domestic companies. MAT was increased to 18% and surcharge reduced to 7.5% for companies with income over Rs. 1 Crore.
- Deductions were introduced or increased for infrastructure bonds, health insurance, and research and development expenditures.
This document provides an overview of various Indian taxation systems relevant for entrepreneurs, including sales tax (VAT), central sales tax, excise duty, and income tax. It discusses the key aspects entrepreneurs need to be aware of for each tax type, such as registration requirements, applicable tax rates, and common deductions or exemptions. The document specifically highlights several income tax benefits available to small-scale entrepreneurs, like tax holidays, depreciation allowances, and concessions for units located in backward or rural areas.
The document provides an overview of the Goods and Services Tax (GST) in India, including:
- The design and main features of the GST law, which unified multiple indirect taxes into a single tax regime.
- The administration of GST through the GST Network and IT system, as well as the role of the GST Council and Central Board of Excise and Customs.
- The benefits of GST for businesses and consumers through simplification, reduction in compliance costs and cascading of taxes, and the creation of a national market.
The document discusses amendments to taxation of individuals and corporations announced in the Indian Union Budget 2012. Key points include:
1) Personal income tax rates were reduced for those earning between Rs. 8-10 lakhs from 30% to 20%.
2) Corporate tax rates remained unchanged at 30% but some deductions and exemptions were introduced or expanded for sectors like power.
3) The Minimum Alternate Tax (MAT) was amended and an Alternate Minimum Tax (AMT) of 18.5% was introduced for non-corporate taxpayers.
4) General Anti-Avoidance Rules (GAAR) were formulated to tackle aggressive tax planning, effective April 2013.
This document provides an overview of the OECD/G20 Inclusive Framework agreement on Pillars One and Two of the Base Erosion and Profit Shifting (BEPS) project. Pillar One introduces new profit allocation and nexus rules that re-allocate some taxing rights over large multinational enterprises to market jurisdictions. Pillar Two establishes a global minimum corporate tax rate of 15% through two interlocking rules: the Income Inclusion Rule and Undertaxed Payment Rule. The agreement also outlines scope, thresholds, carve-outs, dispute prevention and resolution processes, and guidance for implementation.
Newsletter on daily professional updates- 23rd September 2019CA PRADEEP GOYAL
The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge
Have a look, here is your Daily dose of professional updates in newsletter form- 23st September, 2019
UTI Long Term Equity Fund (Tax Saving) | Invest in ELSS | UTI Mutual FundRinkuMishra13
UTI Long Term Equity Fund is an Equity Linked Savings Scheme (ELSS) that aims to generate long term capital growth and enables saving taxes. Invest in UTI Long Term Equity Fund now!
The document discusses India's Goods and Services Tax (GST) system. It outlines the existing indirect tax structure and the key changes under GST, including the introduction of CGST, SGST, IGST and UTGST. It summarizes the taxes that will be subsumed under GST and explains input tax credit provisions. Key features include real-time invoice matching and the use of technology to facilitate compliance.
This document summarizes tax incentives for research and entrepreneurship in Spain. It discusses direct and indirect tax incentives for R&D, including a tax credit for R&D expenses up to 25% and the patent box regime which provides a 60% reduction in taxable income from certain intangible assets. The document also outlines other incentives like accelerated depreciation for R&D assets and a tax credit for entrepreneurs who invest in startups. Finally, it discusses an allowance for social security contributions for companies' research staff.
This document summarizes tax incentives in Spain for research and development (R&D) and entrepreneurship. It discusses the R&D tax credit that allows a deduction of 25-42% of R&D expenses. It also describes the patent box regime which provides a 60% reduction in taxable income from certain intellectual property. Other incentives discussed include accelerated depreciation for R&D assets, tax credits for investing in startups, and allowances for social security contributions for research staff.
The document provides an overview of the key aspects of the Goods and Services Tax (GST) law in India, including the benefits of GST, the existing indirect tax structure it replaces, features of the Constitution amendment, the GST Council, main features of the GST law, and the role of the Central Board of Excise and Customs.
This document provides an overview of the Goods and Services Tax (GST) system that is being implemented in India, including:
- The benefits of GST for trade and consumers through simplification and harmonization of taxes.
- The existing complex indirect tax structure that GST intends to replace.
- The Constitutional amendment that was passed to allow for GST and the powers it assigns.
- The role and decisions of the GST Council in determining features of the law and tax rates.
- The main features of the GST laws, including the four-tier tax rate structure, input tax credit system, and registration requirements.
- The roles of the GST Network and Central
Anthony Galliano - Tax Forum Siem Reap Presentation - SME TaxAnthony Galliano
Presentation at the Eurocham Cambodia Siem Reap Tax Forum by Cambodian Investment Management Holding Group CEO on Small and Medium Enterprise Tax Issues and Incentives covering Recent Regulatory Change and Preventive Measures for Tax Audits.
The document provides an overview of the Goods and Services Tax (GST) system that was implemented in India in 2017. It discusses the existing indirect tax structure, the key aspects of GST including CGST, SGST, IGST and UTGST. It summarizes the taxes that will be subsumed under GST and those that will not. It also describes the tax treatment and compliance requirements such as returns to be filed by regular dealers under the GST regime.
The document summarizes various tax proposals from the Indian Budget for 2009-2010. It outlines changes to personal income tax rates and the abolition of the 10% surcharge for individuals. For corporations, the tax rate remains unchanged but the MAT has increased. Other taxes like CTT have been abolished while DDT and fringe benefits tax have remained the same. Procedural changes include mandatory PAN requirements. Limits for deductions have been increased for partner salaries, cash payments, and dependent disability. Indirect taxes like service tax have been extended to new services but exemptions have also been introduced.
This document provides an overview of Canada's Federal Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. It discusses who benefits from the program, how the program works through examples, what activities qualify, common issues small businesses face in preparing claims, and recent changes made to the program. The SR&ED program provides tax credits and incentives to Canadian businesses conducting research and development. It aims to promote innovation and technology adoption, especially among small and medium-sized enterprises.
efg thnrgbtnthbdfv e rgnethnrfrjdshrsfsmjrthgbbdsbdbdfg aefghsethdfhrshjrsfJenmarkJohnJacolbe1
The document summarizes key changes to income tax rates for individuals under the Tax Reform for Acceleration and Inclusion (TRAIN) law in the Philippines. It outlines the new graduated personal income tax brackets from 2018 to 2022 and 2023 onwards. It also discusses the income tax treatment for self-employed individuals and professionals, including an option to pay 8% tax on gross sales up to P3 million instead of the graduated rates. For mixed-income earners, it explains how compensation income and business/professional income will be taxed separately.
The document provides an overview of tax incentives and their implications for revenue generation in Nigeria. It begins with an introduction to taxation and the concept of using tax incentives to attract investment and stimulate economic growth. It then defines different types of tax incentives in Nigeria, including capital allowance incentives, pioneer status incentives, and exploration incentives. The document discusses how tax incentives can help increase tax compliance but may also reduce tax revenue collection. It concludes with a case for ensuring tax incentives are effectively implemented to promote investment while still generating sufficient tax revenue for the Nigerian economy.
The document summarizes the recommendations of Pakistan's National Taxation Reform Commission from 1986 regarding reforms to Pakistan's tax system from 1990-2010. The Commission recommended reforms to direct taxes like reducing corporate tax rates and improving collection of personal income taxes. For indirect taxes, it recommended modernizing customs duties and expanding sales taxes. It also suggested administrative reforms like establishing a tax ombudsman, specialized tax tribunals, and improving resources and compensation for tax officials. The overall goal of the recommendations was to boost revenue, simplify the tax system, and strengthen tax administration in Pakistan.
The document provides an overview of the key tax proposals in Sri Lanka's 2016 budget. Some highlights include streamlining the corporate tax rate to 15% and 30%, introducing a flat 15% personal income tax rate with increased tax-free allowance, increasing the VAT rate to 12.5% for service providers, doubling the NBT rate to 4%, and introducing an ESC for profit-making companies. Tax concessions are also proposed for sectors like agriculture, micro/SME development, and investments in lagging regions.
The document provides an overview of the Goods and Services Tax (GST) system that was implemented in India in 2017. It describes the existing indirect tax structure, the key aspects of GST including CGST, SGST, IGST and UTGST. It explains the taxes that will be subsumed under GST and how GST aims to simplify taxation by introducing a single, unified indirect tax. It also summarizes the registration process, return filing, input tax credit rules and compliance requirements under GST.
The document contains prayers and passages from Catholic traditions including the Chaplet of Divine Mercy, Nicene Creed, prayers of St. Francis, Padre Pio, and St. Michael the Archangel. It provides Catholics with resources for prayer, meditation, and strengthening their faith.
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The document provides an overview of the Goods and Services Tax (GST) in India, including:
- The design and main features of the GST law, which unified multiple indirect taxes into a single tax regime.
- The administration of GST through the GST Network and IT system, as well as the role of the GST Council and Central Board of Excise and Customs.
- The benefits of GST for businesses and consumers through simplification, reduction in compliance costs and cascading of taxes, and the creation of a national market.
The document discusses amendments to taxation of individuals and corporations announced in the Indian Union Budget 2012. Key points include:
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2) Corporate tax rates remained unchanged at 30% but some deductions and exemptions were introduced or expanded for sectors like power.
3) The Minimum Alternate Tax (MAT) was amended and an Alternate Minimum Tax (AMT) of 18.5% was introduced for non-corporate taxpayers.
4) General Anti-Avoidance Rules (GAAR) were formulated to tackle aggressive tax planning, effective April 2013.
This document provides an overview of the OECD/G20 Inclusive Framework agreement on Pillars One and Two of the Base Erosion and Profit Shifting (BEPS) project. Pillar One introduces new profit allocation and nexus rules that re-allocate some taxing rights over large multinational enterprises to market jurisdictions. Pillar Two establishes a global minimum corporate tax rate of 15% through two interlocking rules: the Income Inclusion Rule and Undertaxed Payment Rule. The agreement also outlines scope, thresholds, carve-outs, dispute prevention and resolution processes, and guidance for implementation.
Newsletter on daily professional updates- 23rd September 2019CA PRADEEP GOYAL
The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge
Have a look, here is your Daily dose of professional updates in newsletter form- 23st September, 2019
UTI Long Term Equity Fund (Tax Saving) | Invest in ELSS | UTI Mutual FundRinkuMishra13
UTI Long Term Equity Fund is an Equity Linked Savings Scheme (ELSS) that aims to generate long term capital growth and enables saving taxes. Invest in UTI Long Term Equity Fund now!
The document discusses India's Goods and Services Tax (GST) system. It outlines the existing indirect tax structure and the key changes under GST, including the introduction of CGST, SGST, IGST and UTGST. It summarizes the taxes that will be subsumed under GST and explains input tax credit provisions. Key features include real-time invoice matching and the use of technology to facilitate compliance.
This document summarizes tax incentives for research and entrepreneurship in Spain. It discusses direct and indirect tax incentives for R&D, including a tax credit for R&D expenses up to 25% and the patent box regime which provides a 60% reduction in taxable income from certain intangible assets. The document also outlines other incentives like accelerated depreciation for R&D assets and a tax credit for entrepreneurs who invest in startups. Finally, it discusses an allowance for social security contributions for companies' research staff.
This document summarizes tax incentives in Spain for research and development (R&D) and entrepreneurship. It discusses the R&D tax credit that allows a deduction of 25-42% of R&D expenses. It also describes the patent box regime which provides a 60% reduction in taxable income from certain intellectual property. Other incentives discussed include accelerated depreciation for R&D assets, tax credits for investing in startups, and allowances for social security contributions for research staff.
The document provides an overview of the key aspects of the Goods and Services Tax (GST) law in India, including the benefits of GST, the existing indirect tax structure it replaces, features of the Constitution amendment, the GST Council, main features of the GST law, and the role of the Central Board of Excise and Customs.
This document provides an overview of the Goods and Services Tax (GST) system that is being implemented in India, including:
- The benefits of GST for trade and consumers through simplification and harmonization of taxes.
- The existing complex indirect tax structure that GST intends to replace.
- The Constitutional amendment that was passed to allow for GST and the powers it assigns.
- The role and decisions of the GST Council in determining features of the law and tax rates.
- The main features of the GST laws, including the four-tier tax rate structure, input tax credit system, and registration requirements.
- The roles of the GST Network and Central
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The document provides an overview of the Goods and Services Tax (GST) system that was implemented in India in 2017. It discusses the existing indirect tax structure, the key aspects of GST including CGST, SGST, IGST and UTGST. It summarizes the taxes that will be subsumed under GST and those that will not. It also describes the tax treatment and compliance requirements such as returns to be filed by regular dealers under the GST regime.
The document summarizes various tax proposals from the Indian Budget for 2009-2010. It outlines changes to personal income tax rates and the abolition of the 10% surcharge for individuals. For corporations, the tax rate remains unchanged but the MAT has increased. Other taxes like CTT have been abolished while DDT and fringe benefits tax have remained the same. Procedural changes include mandatory PAN requirements. Limits for deductions have been increased for partner salaries, cash payments, and dependent disability. Indirect taxes like service tax have been extended to new services but exemptions have also been introduced.
This document provides an overview of Canada's Federal Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. It discusses who benefits from the program, how the program works through examples, what activities qualify, common issues small businesses face in preparing claims, and recent changes made to the program. The SR&ED program provides tax credits and incentives to Canadian businesses conducting research and development. It aims to promote innovation and technology adoption, especially among small and medium-sized enterprises.
efg thnrgbtnthbdfv e rgnethnrfrjdshrsfsmjrthgbbdsbdbdfg aefghsethdfhrshjrsfJenmarkJohnJacolbe1
The document summarizes key changes to income tax rates for individuals under the Tax Reform for Acceleration and Inclusion (TRAIN) law in the Philippines. It outlines the new graduated personal income tax brackets from 2018 to 2022 and 2023 onwards. It also discusses the income tax treatment for self-employed individuals and professionals, including an option to pay 8% tax on gross sales up to P3 million instead of the graduated rates. For mixed-income earners, it explains how compensation income and business/professional income will be taxed separately.
The document provides an overview of tax incentives and their implications for revenue generation in Nigeria. It begins with an introduction to taxation and the concept of using tax incentives to attract investment and stimulate economic growth. It then defines different types of tax incentives in Nigeria, including capital allowance incentives, pioneer status incentives, and exploration incentives. The document discusses how tax incentives can help increase tax compliance but may also reduce tax revenue collection. It concludes with a case for ensuring tax incentives are effectively implemented to promote investment while still generating sufficient tax revenue for the Nigerian economy.
The document summarizes the recommendations of Pakistan's National Taxation Reform Commission from 1986 regarding reforms to Pakistan's tax system from 1990-2010. The Commission recommended reforms to direct taxes like reducing corporate tax rates and improving collection of personal income taxes. For indirect taxes, it recommended modernizing customs duties and expanding sales taxes. It also suggested administrative reforms like establishing a tax ombudsman, specialized tax tribunals, and improving resources and compensation for tax officials. The overall goal of the recommendations was to boost revenue, simplify the tax system, and strengthen tax administration in Pakistan.
The document provides an overview of the key tax proposals in Sri Lanka's 2016 budget. Some highlights include streamlining the corporate tax rate to 15% and 30%, introducing a flat 15% personal income tax rate with increased tax-free allowance, increasing the VAT rate to 12.5% for service providers, doubling the NBT rate to 4%, and introducing an ESC for profit-making companies. Tax concessions are also proposed for sectors like agriculture, micro/SME development, and investments in lagging regions.
The document provides an overview of the Goods and Services Tax (GST) system that was implemented in India in 2017. It describes the existing indirect tax structure, the key aspects of GST including CGST, SGST, IGST and UTGST. It explains the taxes that will be subsumed under GST and how GST aims to simplify taxation by introducing a single, unified indirect tax. It also summarizes the registration process, return filing, input tax credit rules and compliance requirements under GST.
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The document contains prayers and passages from Catholic traditions including the Chaplet of Divine Mercy, Nicene Creed, prayers of St. Francis, Padre Pio, and St. Michael the Archangel. It provides Catholics with resources for prayer, meditation, and strengthening their faith.
This document discusses several tips and best practices for sales managers to help their agents maintain high levels of activity and production. It recommends that managers require agents to report their projected appointments and production on Mondays and actual mid-week production and remaining appointments on Wednesdays. Managers should also help agents develop their own prospects through store visits, referrals, and relationship building. Regularly reviewing agents' activity requirements, goals, and results can help ensure high productivity.
Jesus was tempted by Satan for 40 days in the wilderness after fasting. Satan tempted Jesus with the lust of the flesh by trying to get him to turn stones into bread, the pride of life by challenging him to jump from the temple, and the lust of the eyes by offering him all the kingdoms of the world if he worshipped Satan. However, Jesus resisted each temptation by quoting scripture. The document provides an example for Christians of how to overcome temptation through hiding God's word in their hearts and relying on his strength and grace.
Leadership involves influencing others to achieve goals through strategic thinking, vision, motivation, inspiration, problem solving, communication, and risk taking. Leaders manage goals, quality, relationships, and performance, while managers focus more on maintaining processes and meeting targets. Effective leadership requires continually learning from mistakes, asking questions rather than giving instructions, and building a reputation on unique value rather than price alone. The ultimate questions for a leader are what their vision and destination are for continually improving themselves and their organization.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
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1. “Learning through Quality Training”
AIT
Dean Estelita C. Aguirre
Resource Person
Taxation Updates For
COOPERATIVES
2. “Learning through Quality Training”
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Objectives of the Seminar
To review:
> the tax exemption provisions of COOP
Code vis-à-vis the NIRC and the LGC; and
> the COOP BIR compliance requirements.
To present and clarify
> recent tax rulings, RR and court decisions
> problem areas affecting COOPs
3. “Learning through Quality Training”
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Presentation Outline
Part I Review
1) Legal Bases of Exemptions
2) Classification of Coops
3) Tax Exemption/taxability of Coops
4) Taxability of COOP Members & Directors
Part II Recent Development
1) CTA Decisions: Final Tax on Interest
2) RMC 34-2008 on Director’s fees
3) RR14-2007 on Microfinancing
3) BIR ruling on CTE
5. “Learning through Quality Training”
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Legal Bases of Exemptions
1. Cooperative Code of the Philippines
Article 61
Article 62
2. Bureau of Internal Revenue
Section 109 of NIRC
RR No. 20-2001
3. Local Government Code of 1991
Section 133
Section 234
6. “Learning through Quality Training”
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Article 61 and 62, RA 6938 apply to
Art 61 Coops transacting with members only
Art 62(1) Coops transacting with members and
non-members with Reserves of P10M & below
Art 62(2) Coops transacting with members and
non-members with Reserves of over P10M
7. “Learning through Quality Training”
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Local Government Code
Section 133(n) exempts all duly registered
COOPs from taxes, fees and charges
Section 234(d) exempts from real property taxes
all real property owned by duly registered
COOPs
8. “Learning through Quality Training”
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Local Government Code
CDA Memo Circular 93-005 clarifies:
Starting Jan 1, 1992, CDA-registered Coops
shall exempt from local business taxes and
charges.
RA 7160 reiterated the exemption from
local business taxes under PD 231 and
expanded the exemption to include fees
and charges.
9. “Learning through Quality Training”
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Rev Regs 20-01, Nov 12, 2001
Exemptions:
1. Income tax on income from operations;
2. VAT under Sec 109, NIRC except Electric Coops ;
3. 3% percentage tax under Sec 116 of NIRC;
4. Donor’s tax to duly accredited charitable/
research/educational inst &reinvestment
to socio-eco projects w/in the area of COOPs;
5. Excise tax under Title VI of the NIRC;
6. DST (the party who is not exempt pays);
7. Registration fee of P500.00
10. “Learning through Quality Training”
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NIRC, as amended by RA 9337
VAT EXEMPTIONS
Section 109 (L) Agricultural
Section 109 (M) Credit and Multi-purpose
Section 109 (N) Non-agri,non-credit,non-elec
12. “Learning through Quality Training”
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COOPs as Income Taxpayers
Kinds of Income Taxpayers
1. Individuals receiving compensation income
2. Business and professional income earners
2.1 individuals
2.2 corporations/associations
3. Passive Income Earners COOPs
4. Exempt Income Earners COOPs
13. “Learning through Quality Training”
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Coops as Business Taxpayers
Kinds of Business Taxpayers
1. VAT Taxpayers
1.1 12% VAT taxpayers Electric COOPs
1.2 0% VAT taxpayers
2. NON-VAT Taxpayers Other COOPs
2.2 Percentage taxpayers
2.3 Exempt taxpayers (from VAT/%Tax)
14. “Learning through Quality Training”
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COOPs per RA 6938 according to
Purpose: Credit; Consumer; Producer; Marketing;
Service; Multi-purpose
Membership: primary; secondary; tertiary
Customers: dealing with members only;
dealing with members & non-members
Accumulated Reserve Funds: w/ P10M or less;
w/ > P10M
Life: 10 years or less; more than 10 years
15. “Learning through Quality Training”
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Exemption of COOPs
depends on whether
it deals w/ members only,regardless of reserves
it deals w/ members and nonmembers,
with P10M Reserve funds or less
it deals w/ members and nonmembers,
with over P10M Reserve Funds
it is still within 10-year period
16. “Learning through Quality Training”
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COOPs covered by exemption
Coops dealing with members only, regardless of
reserves and years in existence.
Coops dealing with members and non-members
with accumulated reserves of not more
than P10M, regardless of years in existence
Coops dealing with members and non-members
with accumulated reserves of more than
P10M, during the first 10 years of existence.
18. “Learning through Quality Training”
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Coops transacting with members only
Art 61
*Regardless of Reserve Surplus amount.
*Exempted from national and local taxes
*Period of exemption is continuing
19. “Learning through Quality Training”
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COOPs transacting with non-members
Art 62 (1)
*With Reserve Funds of P10M and below
*Exempted on transactions with members and
and non-members
*Period of Exemption is continuing
20. “Learning through Quality Training”
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COOPs transacting w/ non-members
Art 62 (2)
*With Reserve Funds of more than P10M
*Exemption for a period of 10 years, provided
at least 25% of the net income is returned to
members in the form of interest/patronage
refund
*After 10 years, income tax exemption shall
be limited to members only
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Sample CTE, excerpt:
“. . . . . you are exempt from the ordinary
income tax on your transactions with both
members and non-members for a period of
10 years effective Feb 22, 1995, your date of
registration with the CDA, pursuant to Art 62
of the Coop Code or until Feb 22, 2005. . . “
(BIR Ruling ECCP-006-2006 May 25, 2006)
22. “Learning through Quality Training”
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Sample CTE, excerpt:
“ . . . . Thereafter, your income tax exemption
shall be limited to business transactions w/
members only. Provided further, that income
tax exemption is still applicable to business
transactions with non-members with
reserves/undivided net savings of not
more than P10M. . . . . . .”
(BIR Ruling ECCP-006-2006 May 25, 2006)
23. “Learning through Quality Training”
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Sample CTE, excerpt
“ After the lapse of 10 years, subject to
income tax at the full rate on the amount
allocated for interests on capital, provided
that the same is not consequently imposed
on interest individually received by
members;. . . “
(BIR Ruling ECCP-006-2006 May 25, 2006)
24. “Learning through Quality Training”
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Sample CTE, excerpt:
“Tax base shall be the net surplus arising
from business transactions with non-members
after deducting the amounts for the statutory
reserve funds.”
(BIR Ruling ECCP-006-2006 May 25, 2006)
25. “Learning through Quality Training”
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Electric Cooperatives
RA 9337 repealed VAT exemption of electric
cooperatives effective Nov 1, 2005.
Income tax exemption stays in accordance
with Sec 39, PD 269.
26. “Learning through Quality Training”
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Electric Cooperative
Income Tax :
NEA-registered - Exempt w/in 30 years
CDA-registered -
dealing w/ members – Exempt
dealing w/ non-members – Exempt w/in
10 years on business with non-members
Value-Added Tax :
NEA and CDA registered - Subject to 12 %
(BIR Ruling DA-384-2005 dated September 7, 2005)
(BIR Ruling DA-108-2006 dated March 14, 2006
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Sales by Agricultural Cooperatives
(Section 109 L)
Exempt from VAT
Conditions:
1. duly registered with CDA
2. in good standing with CDA
28. “Learning through Quality Training”
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Importation of Agri Coops
(Section 109 L)
Exempt from VAT: direct farm inputs, machineries
and equipment and spare parts thereof
Condition: to be used directly and exclusively
in the production and/or processing
of their produce
29. “Learning through Quality Training”
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Sales by Agriculture Coop
Agri coop-producer - sale of agri- nonfood
to members and non-members, exempt from
VAT.
Agri coop-trader – sale of agri-nonfood to its
members, exempt but sale to non-members
subject to VAT.
Sale of agri-food – exempt at all times
30. “Learning through Quality Training”
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Credit/Multi-Purpose Cooperatives
Section 109 (M)
Exempt from VAT
Conditions: 1. duly registered with CDA
2. in good standing with CDA
Note: RA 9337 deleted the phrase “whose lending
operation is limited to members”.
31. “Learning through Quality Training”
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Lending Activities
“. . .you are exempt from VAT under Sec 109 (t)
of the Tax Code of 1997, as amended by
R.A. 9337 on your gross receipts from lending
activities to your members but NOT from those
activities involving non-members. . . . “
BIR Ruling ECCP-003-2006 March 30, 2006
32. “Learning through Quality Training”
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Non-elec,non-agri,non-credit COOPs
Section 109 (N)
Exempt from VAT
Conditions: 1. duly registered with CDA
2. in good standing with CDA
3. share capital contribution
of each member does not
exceed P15,000.
(BIR Ruling DA-029-06 dated February 2, 2006)
33. “Learning through Quality Training”
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Other Tax Exemptions of COOPs
3% percentage tax under Sec 116 of NIRC
Donor’s tax to duly accredited charitable/resarch/
educ inst & reinvestment to socio projects within
the area of COOPs;
Excise tax under Title VI of the NIRC;
DST (the party who is not exempt pays);
Registration fee of P500.00
35. “Learning through Quality Training”
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COOPs with >P10M RF and >10 years
in existence transacting with non-members
To be taxed on transactions with
non-members only after 10 years from
date of registration.
36. “Learning through Quality Training”
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Business Activities not listed in
the Articles of Cooperation.
Income of Coops not related to the main/
principal business, subject to all
taxes under the Tax Code of 1997.
Applicable to all Coops, whether dealing
with members or both members and
non-members.
37. “Learning through Quality Training”
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Interest on bank deposits of COOPs
All COOPs are liable to pay 20% FT
on Peso deposits and 7.5% on Dollar
deposits.
(BIR Ruling 008-01; DA 029-06, etc.)
38. “Learning through Quality Training”
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Sale or exchanges of Real Property
(BIR Ruling ECCP-003-2006)
On sale of RP-capital assets:
6%CGT +1.5% DST on selling price
or fair market value whichever is higher.
39. “Learning through Quality Training”
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Sale of Shares of stocks
(BIR Ruling ECCP-003-2006)
On sale of shares of stocks:
5% on first P100,000 net gain
10% on the excess over P100,000
net gain
1.5% on the gross selling price if listed and
traded in the Phil Stock Exchange
40. “Learning through Quality Training”
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12% VAT on Electric COOPs
All electric COOPs, whether CDA or
NEA-registered are liable to pay the
12% VAT, eff Nov 1, 2005.
41. “Learning through Quality Training”
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12% VAT on Purchases
“ . . . sales to COOPs are subject to VAT
because the VAT is the statutory liability of
the seller of goods and services so that absent
any showing that the said seller is exempt from
tax, the sale could not be exempted from VAT.
Moreover, VAT is an indirect tax and the amount
of tax may be passed on to the buyer. . .”
(VAT RULING NO. 066-01 Oct 8, 2001)
43. “Learning through Quality Training”
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Members of Cooperatives
The exemption of the Coops
does not extend to the individual
members.
(BIR Ruling ECCP-003-2006 dated March 30, 2006)
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NS Distribution: RA 6938
Reserve Fund – at least 10%
Education/Training Fund, not over 10%
Optional Fund, not over 10%
Interest/Patronage refunds 70%
(BIR Ruling DA 075-05, dated March 9, 2005)
45. “Learning through Quality Training”
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NS Allocation: CDA MC 2000-08
Reserve Fund – not over 65%
Education/Training Fund, not over 5%
Optional Fund, not over 5%
Interest/Patronage refunds 25%
(the remaining net surplus but not less than 25%)
(BIR Ruling DA 075-05, dated March 9, 2005)
46. “Learning through Quality Training”
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Net Surplus to members
(Patronage Refunds)
Not Subject to Income Tax
Not subject to VAT
No need to declare in ITR
(BIR Ruling DA 075-05, dated March 9, 2005)
47. “Learning through Quality Training”
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Net Surplus Distributed to Members
(Interest on member’s share capital)
Subject to Income Tax
Not Subject to Withholding Tax
Not subject to VAT
To be declared in Income Tax Return
(BIR Ruling DA 075-05, dated March 9, 2005)
48. “Learning through Quality Training”
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Interest on deposits
Not subject to withholding.
Include in other taxable income in
the income tax return.
Subject to income tax under Section
24(A) of the NIRC
(BIR Ruling DA-591-2006 dated October 5, 2006)
(Reversed by the Court of Tax Appeal)
49. “Learning through Quality Training”
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No DST-Member’s Share Certificate
“Coop member’s contribution, being
entirely different in nature and in
substance from corporate shares of
stocks, not subject to DST under
Section 174.”
(BIR Ruling DA-591-2006 October 5, 2006)
50. “Learning through Quality Training”
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Interest on bank deposits of Coop
Employees’ Retirement Plan
Exempt from 20% FWT.
(BIR Ruling DA 259 dated April 12, 2006)
52. “Learning through Quality Training”
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C.T.A. CASE NO. 6827. Feb 6, 2007
Dumaguete Cathedral Credit Coop petitioner,
vs. CIR, respondent.
“Petitioner argues that it is not a banking
institution, thus, the interests earned by its
members from their savings and time deposits
with the cooperative are not subject to
withholding tax. . . .”
53. “Learning through Quality Training”
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C.T.A. CASE NO. 6827. Feb 6, 2007
The Court disagrees.
Sec 24(B)(1) provides that a final tax at the rate
of 20% is imposed on the amount of interest from
any currency bank deposit and yield or any other
monetary benefit from deposit substitutes and from
trust funds and similar arrangements.
Petitioner's conduct of business constitutes
activities under "similar arrangements" which
is taxable under Sec 24(B)(1) of the NIRC.
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C.T.A. EB CASE NO. 289 (CTA Case 6827)
December 18, 2007
“. . . it is clear that petitioner's conduct of business
constitutes activities under the phrase 'similar
arrangements'. Petitioner does not dispute that
it accepts money from its members by way of savings
and time deposits….
55. “Learning through Quality Training”
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C.T.A. EB CASE NO. 289 (CTA Case 6827)
December 18, 2007
“. . . From said deposits, the members receive
interest income from the depository cooperative.
Accordingly, the law requires petitioner to withhold
the corresponding final tax from said interest income
received by its members.”
56. “Learning through Quality Training”
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Director’s Fees
If the director is an employee of the
coop: considered as compensation income
If the director is not an employee of
the coop: treated as professional income
subject to creditable withholding tax.
57. “Learning through Quality Training”
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RMC 34-2008 on Director’s Fees
Subject to creditable withholding tax of 10% or
15% (for gross receipt exceeding P720,000)
Withholding tax applies to per diems, allowances
and any other form if income payment to
the director.
58. “Learning through Quality Training”
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Director’s Fees, RMC 34-2008
(Subject to Income Tax)
Subject to creditable withholding tax of 10% or
15% (for gross receipt exceeding P720,000)
Withholding tax applies to per diems, allowances
and any other form if income payment to
the director.
59. “Learning through Quality Training”
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Director’s Fees, RMC 34-2008
(Subject to VAT or 3%)
Directors of corporations and cooperatives fall
under the category of seller of services and
therefore liable to pay:
12% VAT (total fees > P1.5M per year)
3% (total fees P1.5M or less per year)
60. “Learning through Quality Training”
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Micro-Finance, RR 14-2007
Sec 4. . . All income of Coops which undertake
microfinance activities in addition to their
purpose except credit Coops and multi-purpose
Coops which have one of its business activities
as those performed by credit Coops, shall be
subject to appropriate taxes under the NIRC.
61. “Learning through Quality Training”
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Micro-Finance, RR 14-2007
Sec 5. . . All income of NGOs from microfinance
activities and which is not in respect of their
registered activities under Sec 30 of the NIRC
shall be subject to appropriate taxes under the
NIRC.
62. “Learning through Quality Training”
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Certificate of Tax Exemption (CTE)
. . . The availment of exemption privileges
granted to Coop is not automatic. A Coop
needs to secure first a CTE from the BIR
to qualify for exemptions.
(BIR Ruling DA 591-2006 dated October 5, 2006)
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Request for CTE
A Coop filed for request for CTE in 1999
but was not acted upon by the BIR; in 2005
it reapplied for exemption but never received
communication from BIR. It was ruled that
effective date of tax exemption is from
August 11, 1999, date of approval of the
Coop’s Registration Certificate.
(BIR Ruling ECCP-003-06 dated March 30, 2006)
64. “Learning through Quality Training”
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Validity of the CTE
SECTION 7, RR 20-2001: Validity Of CTE
— The CTE shall be valid during such period
that the Coop is in good standing as ascertained
by the CDA on an annual basis.
65. “Learning through Quality Training”
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Annual Information Return
File Annual Information Return
Use Form 1702 version (Exempt portion)
On or before 15th day of the 4th month after EOY
(BIR Ruling DA 029-2006 dated Feb 02, 2006)
66. “Learning through Quality Training”
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Financial Statements
Certificate that there has been no change
in the By-Laws, Art of Cooperation, activities,
sources and disposition of income.
Copy of the letter of exemption/ruling
A Copy of the CGS
Annual Information Return
Attachments
67. “Learning through Quality Training”
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Financial Statements
(RR 7-2007)
FS shall include:
1. Balance sheet
2. Income Statement
3. Statement of Changes in Equity
4. Statement of Cash Flows
5. Notes, comprising a summary of significant
accounting policies and other explanatory
notes
6. Schedules attached to the afore-cited statements
68. “Learning through Quality Training”
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On Books of Accounts
(RR 8-2007)
Mandates taxpayers to maintain books and
records that would reflect the reconciling items
between Financial Statement figures and/or
data with those reflected in the filed ITR.
(PFRS vs. NIRC)
(RR 8-2007, effective TY 2007)