There was a problem previewing this document. Retrying... Download. Connect more apps... Try one of the apps below to op
0
I
__1
REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE MANILA DEPARTMENT ORDER NO-8-91 January 7, 1991
SUBJECT:
T
0 .
IMPLEMENTATION OF THE ZONAL VALVES OF REAL PROPERTIES IN THE MUNICIPALITIES OF BINAN, C€aB?UYAO,`LOS BA°ENOS^'ANrD STA. ROSA UNDER REVENUE DISTRICT NO. 374:, CALAMSA. LAGUNA REVENUE REGION 4C, SAN PABLO CITY FOR INTERNAL REVENUE TAX PURPOSES.
All Internal Revenue Officers and Others Concerned.
Section 16(e) of the Tax Code as amended by Presidential Decree No. 1994, authorizes the ComriissiDrier if Internal Revenue to divide the Philippines into different zones or areas and determine for internal revenue tax purpo_.es, the fair rraarket value of '1h_' real properties located in each zone or area upon consultation with competent appraisers. By virtue of said authority, the Commissioner of Revenue h.as deterrr:ined the zonal values of real properties located in the Municipalities of riraan. Cabuyao, Los Banos and :sta. Rosa axnder Revtenue District €'N,'o. 37A, Calarb.a. Internal
Laquna, Revenue Region 4C, San Pablo City, after a public hearing was conducted on Jctober.._0; 199( for the purpose. This Order is issued to implement zonal values for land as shown in Annex Anne:: "A" hereof to be used in computing any internal revenue taxIn case the gross selling price or the ir.ar)et 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.
