Republic of•the Philippines

""

DEPARTMENT OF FINANCE Roxas Boulevard Corner Vito Cruz Street Manila 1004

x r * KALAYAAN

DEPARTMENT ORDER NO. °19-6& February 28, 2006

SUBJECT : IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITY OF SAN TEODORO UNDER THE JURISDICTION OF REVENUE DISTRICT OFFICE No. 63 (CALAPAN, ORIENTAL MINDORO), REVENUE REGION No. 9 (SAN PABLO CITY) FOR INTERNAL REVENUE TAX PURPOSES.

TO

:

All Internal Revenue Officers and Others Concerned.

Section 6(E) of Republic Act No. 8424, otherwise known as the "Tar fannAct of 1997", authorizes the Commissioner of Internal Revenue to divide the Philippines int different zones or areas and determine for internal revenue tax purposes, the fair marke value of the real properties located in each zone or area upon consultation with compete appraisers both from / private and public sectors. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties (2^"9pvision) located in the Municipality of San Teodoro under the jurisdiction of Revenue District Office No. 63 (Calapan, Oriental Mindoro), Revenue Region No. 9 (San Pablo City) after public hearing was conducted on May 25, 2005 for the purpose. This Order is issued to implement the revised zonal values for land 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 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 immediately.

MARGARITG B.TEVES' Secretary of FFirlance s _ ) 3 ",

RECOMMENDED BY:

A JOSE ARIO C. BUNAG -',Commis ner of Internal Revenue

t-i\haal

DEPARTMENT ORDER NO. 29.pdf

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