‘Coop members deserve
preferential tax treatment’

The Supreme Court Second Division has granted the petition of the Dumaguete Cathedral Credit Cooperative, seeking to set aside and cancel the earlier decision of the Court of Tax Appeals, assessing DCCCO for deficiency withholding taxes on interest from the savings and time deposits of its members for years 1999 and 2000, and the delinquency interest of 20 percent per annum.

In its ruling penned by Associate Justice Mariano del Castillo and promulgated Jan. 22, 2010, the High Tribunal set aside the Dec. 18, 2007 decision of the CTA, finding DCCCO liable for deficiency withholding taxes.

The CTA has ordered the cooperative to pay the Bureau of Internal Revenue the amounts of P1,280,145.89 and P1,357,881.14, representing deficiency withholding taxes on interests from savings and time deposits of its members for the taxable years 1999 and 2000, and the 20 percent delinquency interest.

100% of NORSU
nurses pass exam

The Negros Oriental State University registered a 100 percent passing rate in the November 2009 Nursing Licensure Examination, a press release from the school said.

All the 17 passers belong to the pioneer batch of nursing graduates, NORSU president Dr. Henry Sojor said.

The new nurses are Jan Rose Amor, Ali Baba, Jr., Mailyn Belotindos, Phebe Maris Buella, Ma. Lynne Carmona-Marcos, Anapres Ceriales, Rocelyne Mae Estoconing, Darren Garsula, Kathlyn Mae Gonzalez, Francis Ray Gutib, Rufa Hontanosa, Peter Janquin, Putli Khira Lim, Joseph Arnold Oracion, Pat Patrimonio,  Josette Rosales, and Angelie Rubio, the press release said.

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