0 REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE MANILA DEPARTMENT ORDER NO. 16-93 JANUARY 29, 1993

SUBJECT:

T

0

OF THE REVISED ZONAL VALUES IMPLEMENTATION SOUTH MANILA UNDER OF REAL PROPERTIES IN REVENUE DISTRICT OFFICE NO_25. REVENUE REGION NO. 49-1. MANILA . 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 Commissioner of Internal Revenue divide the Philippines into different zones or areas and to determine for internal revenue tax purposes, the fair market of the real, properties located in each zone or area upon value consultation with competent appraisers. By virtue of said authority, the Commissioner Of Internal Revenue has determined the zonal values of real properties located in South Manila under the jurisdiction of Revenue Office No. 25 :South Manila), Revenue Region No. 4-A District a public hearing was conducted on December 02, after (Manila) This Order is issued to implement the the purpose. for 1992 values for land and improvements in the case of revised zonal commercial and industrial buildings as condominitins /townhouses, shown in Annex "A" hereof to be used in computing any internal revenue tax. the grosss selling price or the Market value as In case values of the provincial or city shown in the schedule assessor is higher than the zonal value establicshed herein, such values shall be used as basis for computing the internal revenue tax. This Order shall take effect immediate

AMON DEL ROSARIO,

Secretary of Finance RECOMMENDED BY:

Commissioner c J

ernal Revenue

DEPARTMENT ORDER NO. 16 .pdf

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