REPUBLIC OF'THE PHILIPPINES
DEPARTMENT OF FINANCE MANILA
DEPARTMENT ORDER NO. 48-89 September 26, 1989
Real Values of of the Zonal Implementation Properties in the City of Tagaytay, under Revenue Revenue Cavite City, Office No. 36, District Tax For Internal Revenue 482, Makati, Region Purposes. All Internal Revenue Officers and Others Concerned.
as amended by the Tax Code, Section 16(e) of Presidential Decree No. 1994, authorizes the Commissioner of Internal Revenue to divide the Philippines into different areas and determine for internal revenue tax zones or the fair market value of the real properties purposes, with consultation or area upon in each zone located competent appraisers. of Commissioner the authority, said By virtue of Internal Revenue has determined'i the zonal values of real properties located in the City of Tagaytay, under Revenue District No. 36, Cavite City, Revenue Region 482, Makati, after a public hearing was conducted on September 12, 1989 This Order is issued to implement zonal. for the purpose. values for 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 Provipcial or City Assessors is higher than the zonal value established herein, values shall be used as basis for computing the such internal revenue tax. This Order shall take effect immediately.
JO E. Ur. Commissione
ON6 f Internal Revenue