REPUBLIC OF THE. PHILIPPINES DEPARTMENT OF FINANCE MANILA
February 27, 1989
DE?ARTh.E-l7 ORDER NO. SUBJECT:
AS - 89
Amendment to Ministry Order No. 21-86 dated September 5, 1986, creating the EXECUTIVE COMMITTEE ON REAL PROPERTY VALUATION to determine the Zonal Fair Market Values of Real Property for purposes of Computing any Internal Revenue Tax.
Pursuant to Section 16(e) of the National Internal Revenue Code, as amended, Ministry Order No. 21-86 is hereby amended as follows: Chairman
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Commissioner Bureau of Internal Revenue
Members
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Executive Director Bureau of Local Government Finance Department of Finance
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Deputy Commissioner having jurisdiction over Regional Offices Bureau of Internal Revenue
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Executive Director National Tax Research Center Commissioner Housing and Land Use Regulatory Board Two (2) Representatives from Association of Private Real Estate Appraisers and Real Estate Brokers
Secretariat
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Assistant Commissioner, Assessment Service and Chairman, Technical Committee on Real Property Valuation.
The Committee shall study, analyze and approve the zonal schedules of fair market values of real properties prepared by the TECHNICAL COAWITTEE ON REAL PROPERTY VALUATION created under Ministry Order No. 20-86, dated September 5, 1986 AS AMENDED BY DEPARTMENT ORDER NO. dated February 13 - 89 27, 1989 to be used as basis in the computation of any internal revenue tax. All provincial, city and municipal assessors, are hereby
2
directed to render asistance to the Committee IN THE DETERMINATION OF THE REALISTIC VALUATION OF REAL PROPERTIES IN THEIR RESPECTIVE AREAS OF JURISDICTION. The Committee is authorized to avail of the services of '"'the personnel of this Department or the bureaus and offices under it. The Chairman, Members and Secretariat shall be entitled to honoraria and travelling expenses authorized under existing laws. This Order takes effect immediately.
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This Order shall take effect immediately. EDGARDO B. ESPIRITU. Secretary of Finance. RECOMMENDED BY: ,;:0^ 0,00. BEETHOVEN L. RUALO. Commissioner of Internal Revenue. lfpt. "7u1ong-tulong sa pagsulong!" Page 1 of 1. DEPARTMENT ORDER NO. 13 .pdf. DEPA
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Apr 19, 1985 - ... following the date of restoration. and all subsequent quarters thereafter. 2. Failure to comply with the foregoing requirements. shall be considered sufficient grounds for cancellation/. revocation of the tax and duty exemption pri
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