INCENTIVES AND SUPPORT SERVICES PROVIDED BY THE COOPERATIVES DIVISION
> Provision of legal framework for cooperative societies
> Registration of cooperative societies
> Implementation of projects and programmes and operation of schemes for the development of the cooperative sector
> Provision of free Audit Services in accordance with the Co-operatives Act 2016 and the Co-operatives (Annual Revenue of Society) Regulations 2017
> Provision of an online platform for the registration and submission of financial statements by cooperative societies
> Monitoring and supervision of the activities of cooperative societies
> Fiscal incentives
- No stamp duty is levied on:
(a) an instrument executed by the cooperative society and;
(b) an instrument executed by a member in relation to business transacted with the society, in accordance with its rules.
- No fee is payable by any cooperative society under any enactment relating to registration dues, transcription or inscription fees, except on deed of transfer witnessing the transfer of a motor vehicle.
- Cooperators producing up to 60 tonnes of sugar are exempted from payment of income tax.
> Provision of infrastructural facilities, marketing outlets and a “Co-op Moving Forward Together” logo to cooperative societies
> Provision of project write-up services to cooperative societies
