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Date: Aug. 20, 2020, 7:31 a.m.
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How was your request?
Published by Bureau of Internal Revenue(BIR) on Aug. 20, 2020.
Requested from BIR by E. Rodriguez at 07:31 AM on
Aug. 20, 2020.
Purpose: Investigate and Prosecute SDCC, members, associate members for Tax Evasion
Date of Coverage: 05/14/2019 - 08/19/2020
Tracking no: #BIR-465470110760
Hi, I had communicated my concern to BIR regarding San Dionisio Credit Cooperative (SDCC) members who open Certificates of Term Deposits that is actually owned by Foreign Associate members not entitled to interest income tax exemption. The response was that they should be audited if the tax exemption certificate is being abused, with no actionary information of an investigation to be done. This is FRAUD and TAX Evasion which SDCC is committing under the guise and umbrella protection of CDA, (Cooperative Development Authority).