Republic of the Philippines DEPARTMENT OF FINANCE Manila

DEPARTMENT ORDER NO.. February 07, 1994

14,94_

SUBJECT:

IMPLEMENTATION OF THE REVISED ZONAL VALUES OF OF MUNICIPALITY PROPERTIES IN THE REAL UNDER REVENUE DISTRICT TUGUEGARAO. CAGAYAN REVENUE NO. 13 (TUGUEGARAO, CAGAYAN). OFFICE CAGAYAN) FOR (TUGUEGARAO, REGION NO. 3 INTERNAL REVENUE TAX PURPOSES.

T

All Internal Revenue Officers and Others Concerned.

0

Section 16(e) of the Tax Code as amended by Presidential Decree No. 1994, authorizes the Commissioner of Internal Revenue divide the Philippines into different zones or areas and to internal revenue tax purposes, the fair market determine for of the real properties located in each zone or area upon value consultation with competent appraisers both from private and public sectors. virtue of said authority, the Commissioner of internal By has determined the zonal values of real properties Revenue under the located in the Municipality of Tuguegarac, Cagayan jurisdiction, of Revenue District Office No. 13 (Tuguegarac, Cagayan) Revenue Region No. 3 (Tuguegarac, Cagayan) after public This was conducted an July 16, 1993, for the purpose. hearing is issued to implement the revised zonal values fur land Order cerrdu..., ... ..,..u: townhouses, of and improvements in the case commercial and industrial buildings as shown in Annex "W' hereof to be used in computing any internal revenue tax. In case the grass selling price or the market value as shown the shedule of values of the provincial or city assessor is in values such than, the zonal value established herein, higher shall be used as basis for computing the internal revenue tax. This Order shall take effect immedi

ROB€fTgO Ft DE r MPO inane Secretary

RECOMMENDED BY:

L I WAYWAY VINZONS-CHATO Commissioner of Internal Revenue

DEPARTMENT ORDER NO. 74 .pdf

In case the grass selling price or the market value as shown. in the shedule 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 immedi. ROB€fTgO Ft DE r MPO. Secretary inane.

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