Taxation, 2011 Bar — Question 62

MULTIPLE CHOICE

Prior to the enactment of the Local Government Code, consumer's cooperatives registered under the Cooperative Development Act enjoyed exemption from all taxes imposed by a local government. With the Local Government Code's withdrawal of exemptions, could these cooperatives continue to enjoy such exemption? (A) Yes, because the Local Government Code, a general law, could not amend a special law such as the Cooperative Development Act. (B) No, Congress has not by the majority vote of all its members granted exemption to consumers' cooperatives. (C) No, the exemption has been withdrawn to level the playing field for all taxpayers and preserve the LGUs' financial position. (D) Yes, their exemption is specifically mentioned among those not withdrawn by the Local Government Code.

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