LTO Bais apprehends 200
violators, impounds buses
BY JUDY F. PARTLOW

The Land Transportation Office in Bais City, Negros Oriental apprehended more than 200 traffic violators and impounded four passenger buses and a cargo truck in two successive days of relentless operations.

The checkpoints in the adjacent cities of Tanjay and Bais and the towns of Mabinay on Tuesday and Wednesday, is part of a series of road apprehension operations conducted by the LTO Region 7 office based in Cebu.

LTO Assistant Regional Director Arnel Tansingco and Operations Division Chief Macario Getaruelas were on hand during the checkpoints that yielded several violators of R.A. 4136 or the LT and Traffic Code of the Philippines, LTO-Bais District Office chief Janine Lawas said.

BIR okays tax exemption
for cooperative in NegOr

The Bureau of Internal Revenue has finally granted the longtime request for income tax exemption of one of the biggest and most successful credit cooperatives Negros Oriental.

BIR issued a ruling on January 31 granting the Perpetual Help Community Cooperative Inc. exemption from income taxation, making it the first credit cooperative in the province to enjoy a tax exemption.

PHCC general manager Michael Hojas   explained that, before  the ruling, PHCCI income deposited in various financial institutions were subject to a 20 percent interest tax.

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