In view of the issuance of Cooperative Development Authority (CDA) Memorandum Circular No. 2026-07, Series of 2026, entitled “Extension of the Deadline for the Submission of FY 2025 Required Reports by the Cooperatives and Extension Period of Validity of Certificate of Compliance (COC) Issued for CY 2025” (Annex “A”), this Circular is hereby issued to inform and provide clarificatory guidance for the unifom application by all internal revenue officials, employees, and others concerned.
Under the said Memorandum Circular, the CDA, pursuant to Executive Order No. 110, Series of 2026 declaring a State of National Emergency, extended the period of validity of all COCs issued for Calendar Year 2025, originally expiring on April 30, 2026 until May 31, 2026, and correspondingly granted cooperatives additional time to comply with reportorial requirements without the imposition of penalties.
Pursuant to existing revenue issuances, the submission of a valid COC issued by the CDA remains a mandatory documentary requirement in the applications for Certificate of Tax Exemption (CTE) of cooperatives.
Accordingly, COCs for Calendar Year 2025 bearing an original expiry date of April 30, 2026 shall be recognized as valid and subsisting until May 31, 2026 for purposes of evaluating and processing applications for CTE filed within the extended validity period, subject to verification and existing audit procedures.
All internal revenue officials and employees are hereby directed to take cognizance of and strictly implement this Circular to ensure consistent and uniform application thereof.
Availment of a One-Time Abatement of Taxes and/or Penalties for Micro Taxpayers
Revenue Memorandum Circular No. 71-2026
Revenue Regulations No. 004-2026
Revenue Memorandum Circular No. 064-2026
Revenue Memorandum Circular No. 062- 2026
Revenue Memorandum Circular No. 060-2026
Revenue Memorandum Circular No. 059- 2026
Live Webinar: Value Added Tax: In and Out
Tax and Accounting Webinar Philippines 2026_Withholding Tax (Expanded and Final)
Live Webinar 1 & 2: BIR Tax Compliance for VAT Entity
Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
Live Webinar: Basic Bookkeeping for Non-Accountants
Live Webinar on Ph Payroll Computations and Taxation
Live Webinar: BIR Examination: Their Procedures and Our Defenses
Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest
Δ
Phone : (02) 5310-2239
Mobile : Smart: 0939-916-2952 Globe: 0967-497-4989
Email : info@taxacctgcenter.ph
© Tax and Accounting Center 2026. All Rights Reserved