The Joint Congressional Oversight Committee on Cooperatives led by Senator Juan Miguel "Migz" Zubiri and Representative Jose Ping-Ay launched the nationwide forum and consultation for cooperatives last January 12 at Quezon City that was attended by about 400 participants from different cooperatives in northern Metro Manila. This is the first of a series of public consultation meetings on tax exemptions to coops and on the amendments to the Cooperative Development Authority charter. The said committee initiated the project to explain the rules and regulations of the Philippine Cooperative Code of 2008 or Republic Act 9520 and update on the policies and guidelines for tax exemptions on coops. Next consultations will be held in southern Metro Manila to be followed by regional consultations in Luzon and Visayas.
Sen. Zubiri is the principal author of RA 9520, which was signed into law in March 2009, for that earned him to be called the “Father of the new Cooperative Code”.
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