RA 10659

The law strengthened the zero-rated VAT treatment for refined sugar intended for actual
physical export as provided in Section 106(A)(2)(a)(1) of the NIRC, as amended. It likewise
gave a technical definition of refined sugar for VAT purposes.

RA 10744
RA 10744 accords the Credit Surety Fund (CSF) Cooperatives the same tax privileges
with cooperatives registered with the CDA. The law defines CSF as a fund generated from the
contributions of well-capitalized and well-managed member-cooperatives/non-governmental
organizations (NGOs),- local government units (LGUs), government financial institutions (GFIs)
and other institutions/government agencies.