Photo Release

Suspend RMC 760-2010: Sen. Win Gatchalian recommends the suspension for further review of a memorandum circular issued by the Bureau of Internal Recvenue (BIR) mandating all cooperative members to obtain taxpayer identification number (TIN) for the cooperative’s annual tax filing. Articles 60 and 61 of Republic Act No. (RA) 9520, or the Philippine Cooperative Code (PCC) of 2008, grant tax exemptions to qualified cooperatives, contingent on securing a cooperative Certificate of Tax Exemption (CTE) from the BIR. Revenue Memorandum Circular (RMC) No. 76-2010 mandates, however, that all cooperative members obtain TIN. Later, RMC No. 124-2020 allowed a six-month grace period for TIN submission after CTE issuance. During the public hearing of the Committee on Ways and Means, on Thursday, February 27, 2025, Gatchalian said the issuance of the circulars resulted in chaos among cooperative members on the ground. He said it would be impractical for those in the informal sector earning less than P250,000 annually to go to the BIR to obtain TIN. Besides, nothing in RA 9520 requires the cooperatives to submit the TIN of individual members. “There is chaos now on the ground (because of that memorandum circular). I appreciate that you will review this, but the review is not enough. There are already confusion on the ground. We need action,” Gatchalian said in mix Filipino and English. (Senate Public Relations and Information Bureau)