land to be used in computing any internal revenue tax. In case the ... DEPARTMENT ORDER NO. 32 .pdf. DEPARTMENT ORDER NO
Republic of the Philippines DEPARTMENT OF FINANCE Manila
DEPARTMENT ORDER NO._A? - 97 JANUARY 30, 1997 SUBJECT: IMPLEMENTATION OF THE REVISED ZONAL VALUES OF OF MUNICIPALITIES REAL PROPERTIES IN THE CALASIAO, DAGUPAN, MANGALDAN, SAN CARLOS, SAN FABIAN AND STA. BARBARA UNDER REVENUE DISTRICT REVENUE OFFICE NO. 4 (CALASIAO, PANGASINAN), REGION NO. 1 (CALASIAO, PANGASINAN) FOR INTERNAL REVENUE TAX PURPOSES. T 0 : All Internal Revenue Officers and Others Concerned.
Section 16 (e) of the Tax Code as amended by Presidential Decree No. 1994, authorizes the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine for inter4al revenue tax purposes, the fair market value of the real properties located in each kone or area upon consultation with competent appraisers both fi-om private and public sectors. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties (1" Revision) located in the municipalities of Calasiao, Dagupan, Mangaldan, San Carlos, San Fabian and Sta. Barbara tinder the jurisdiction of Revenue District Office No. 4 (Calasiao, Pangasinan), Revenue Region No. 1 (Calasiao, Pangasinan) after public hearings were conducted on April 1 and 2, 1996 for the purpose. This Order is issued to implement the revised zonal values for land to be used in computing any internal revenue tax In case the gross selling price or the market value as shown in the schedule of values of the provincial or city assessor is higher than the zonal value established herein, such values shall be used as basis for computing the internal revenue tax. This Order shall take effect immediately.
ROBEIRTO F. P OCAIPO Secretary of-Finance
RECOMMENDED BY: LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue ./bp9
