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The House of Representatives has approved on second reading House Bill 5682, seeking to mandate the appointment of a cooperatives officer in every municipality, province and city to ensure the concerns of cooperatives in these local government units (LGUs) are harmonized with the sustainable economic development plans of the government. The proposed “An Act […]
The House of Representatives has approved on third and final reading House Bill 187 which seeks to grant farmers, fisherfolk and agrarian reform beneficiaries relief from unpaid loan obligations through a new condonation program. The proposed “Agrarian and Agricultural Loan Restructuring and Condonation Act” aims to provide farmers, fisherfolk and agrarian reform beneficiaries the […]
The 14-million member-strong cooperative movement represented by COOP-NATCCO Partylist Rep. Anthony Bravo thanked leaders of the House of Representatives on Wednesday after they committed to retain the tax exemptions currently extended to the country’s close to ten thousand cooperatives. House Majority Leader Rodolfo Fariñas had earlier announced that the tax exemptions of cooperatives would […]
More than 150 congressmen have thrown their support behind an amendment that would allow cooperatives to retain their tax exemptions as Congress works on House Bill (HB) 5636, the Administration’s major tax reform package. COOP-NATCCO Partylist Rep. Anthony Bravo thanked his fellow representatives on Tuesday for listening to their constituents and restoring their faith […]
The House committee on agrarian reform unanimously approved this week a bill seeking to condone the unpaid loan interests secured by farmers, fisherfolk, and agrarian reform beneficiaries. House Bill No. 187, or the “Agrarian and Agricultural Loan Restructuring and Condonation Act,” seeks to provide leniency on unsettled interests, penalties, and surcharges on loans availed […]
“Taxing cooperatives would cause the slow death of micro social enterprises and anti-poverty initiatives, especially in the countryside. The government should encourage the growth of groups that help the poor to compete against purely capitalist businesses. We should not shackle them with additional financial burdens. Please spare the coops. If government wants to generate […]
A legislator representing the 14-million strong cooperative sector is leading the charge in efforts to convince Congress to retain the tax exemptions currently extended to the country’s close to 10,000 cooperatives. COOP-NATCCO Rep. Anthony Bravo said that while the coop sector supports the administration’s tax reform efforts, it opposes any move to repeal the […]