v REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE MANILA

DEPARTMENT ORDER NO. 37-89 July 28, 1989

SUBJECT:

T

0

:

Real Values of Zonal of the Implementation Properties in the Municipality of Valenzuela under Revenue District Office No. 21, Revenue Region Internal for Manila, Metro Valenzuela, 3-B, Revenue Tax Purposes. All Internal Revenue Officers and Others Concerned.

by amended Code, as Tax of the 16(e) Section 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 upon area or zone in each located competent appraisers. of Commissioner the authority, said of virtue By Internal Revenue has determined the zonal values of real properties located in the Municipality, of Valenzuela under Revenue District No. 21, Revenue Region 3-B, Valenzuela, Metro Manila, after a public hearing was conducted on July 13, 1989 for the purpose. This Order is issued to implement zonal 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 Provincial or City Assessors is higher than the zonal value established herei.n,' such values shall be used as basis for computing the internal revenue tax. This Order shall take effect immediately.

VICTOR C. MACAtl-W G_ Acting Secretary or-Finance RECOMMENDED BY:

JOE/ U. ONG f Internal Revenue commissione

DEPARTMENT ORDER NO. 37 .pdf

By virtue of said authority, the Commissioner of. Internal Revenue has determined the zonal values of real. properties located in the Municipality, of Valenzuela under. Revenue District No. 21, Revenue Region 3-B, Valenzuela,. Metro Manila, after a public hearing was conducted on July. 13, 1989 for the purpose. This Order ...
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