CDA presses conversion of coops

Wednesday, November 9, 2011

LA TRINIDAD, Benguet - Conversion of electric cooperatives to stock cooperatives will have many advantages to its consumer members and to the cooperative as well, Ating Koop party-list Representative Isidro Lico said.

Lico said, during the Regional Cooperative Month held last week at the Benguet State University, registration of electric cooperatives to Cooperative Development Authority (CDA) as stock cooperative is one of their primary advocacies, as it has many advantages for the member-consumers and the electric cooperative.

Lico said CDA-registered cooperatives are exempted of the 12 percent value-added tax (VAT) which would eventually result to the reduction of electric rates for the consumers.
Lico said the conversion of electric cooperatives into stock coop would also give recognition to consumers as co-owner of the cooperative.


In the present set-up, consumers are not considered as such because there is no record of ownership and how much the consumers are contributing. (Lito Dar)

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