Socio-economic contributions of coops

Since we are celebrating the COOP month, we waive this Tuesday column for our friend and La Trinidad’s Cooperative Officer Orlando Pacya. We both became young section officers in the LGU at the same time. The LT Cooperative Office, though, has already emerged recently as the top government Coop Office in the Cordillera Administrative Region and even in the country. Congrats to the LT team and to all coops! did not believe in the changes initiated by cooperatives in the community not until I was employed under the Cooperative Development Services of La Trinidad—I came to realize that coops are boosters of socio-economic development. Coops are exempted from paying taxes as per Republic Act 9520 or the Cooperative Code of the Philippines. The grant of this privilege to cooperatives may not literally help the government raise revenue, but it fulfils the mandate of alleviating the lives of the people from poverty, which is the ultimate goal of raising revenue—CDA Chairman

IOrlando Ravanera.

In addition, coops are still mandated to pay not more than one thousand (1,000) pesos for local taxes and five hundred pesos for the CEDULA. In 2015, the Cooperative Development Authority (CDA) reported that La Trinidad coops remitted a total of 1, 044, 635. 52 to the coffers of the government for the payment of taxes (local and national) including CEDULA.

Did you also know that coops directly disburse millions of money for the development of the different barangays in the valley? In the consolidated reports of coops in the municipality, coops allotted a total of 6,352,456.86 for their Community Development Fund.

CDF is the fund budgeted by coops that is