Tax Rules for Electric Cooperatives

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BIR REVENUE MEMORANDUM CIRCULAR NO. 72-2003: Tax Rules for Electric Cooperatives

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Title Source: Supreme Court: Tax Rules for Electric Cooperatives

Law: Bir Revenue Memorandum Circular No. 72-2003

Decision Date: Oct 20, 2003

Electric cooperatives registered with the National Electrification Administration and Cooperative Development Authority are granted various tax exemptions, including franchise, value-added, and income taxes, with specific conditions on their operations and financial thresholds.

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