Professional Documents
Culture Documents
Application For Certificate of Tax Exemption
Application For Certificate of Tax Exemption
Thru ______________
Sir :
c. At least 25% of the net surplus is retained to members in the form of interest on
capital and a patronage refund.
__________________
Chairman of the Board/Manager
City/Municipality of __________ )
AFFIDAVIT
That the accumulated general reserve fund and net savings of the cooperation as of
________ is ________ .
That at least 25% of the net surplus is retained to members in the form of interest
on capital and/or patronage fund.
That attached hereto is a list of members and their corresponding share capital
contribution to the cooperative.
That I am executing this affidavit to prove to the veracity of the above statements.
In witness whereof, I have hereunto set my hand this ____ day of ___________ at
_________________ , Philippines.
__________________
Affiant
NOTARY PUBLIC