REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE MANILA DEPARTMENT ORDER NO. -4.0-9.0 June 7, 1990

SUBJECT:

Real Values of Zonal the of Implementation Properties in the City of Lucena, under Revenue District Office No. 39, Revenue Region 4C, San Pablo City, for Internal Revenue Tax Purposes.

:

All Internal Revenue Officers and Others Concerned.

T

0

by amended as Tax Code, the of Section 16(e) Presidential Decree No. 1994, authorizes the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine for internal revenue tax purposes, the fair market value of the real properties with consultation upon or area each zone in located competent appraisers.

of Commissioner the authority, of said virtue By Internal Revenue has determined the zonal values of real properties located in the City of Lucena, under Revenue 39, Revenue Region 4C, San Pablo City, after a District No. public hearing was conducted on April 3, 1990 for. the This Order is issued to implement zonal values for purpose. land as shown in Annex "A" hereof 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 Assessors is higher than the zonal value established herein, such values shall be used as basis for computing the internal revenue tax.

JO" U. ONG i Commissione//)f Internal Revenue

DEPARTMENT ORDER NO. 40.pdf

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