Republic of the Philippines DEPARTMENT OF FINANCE Manila
DEPARTMENT ORDER NO. FEBRUARY 28, 1997
SUBJECT: IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF CAGAYAN DE ORO UNDER REVENUE DISTRICT OFFICE NO. 98 (CAGAYAN DE ORO CITY), REVENUE REGION NO. 16 (CAGAYAN DE ORO CITY) FOR INTERNAL REVENUE TAX PURPOSES. T 0 . 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 to divide the Philippines into different zones or areas and determine for internal revenue tax purposes, the fair market value of the real properties located in each zone or area upon consultation with competent 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 (2d Revision) located in the City of Cagayan de Oro under the jurisdiction of Revenue District Office No. 98 (Cagayan de Oro City), Revenue Region No. 16 (Cagayan de Oro City) after public hearing was conducted on February 5, 1996 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 re5venuetax. This Order shall take effect immediately.
ROBERJI'O It. D, Secretary of Finance RECOMMENDED BY:
LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue /ecs
Page 1 of 1. Republic of the Philippines. DEPARTMENT OF FINANCE. Roxas Boulevard Corner Pablo Ocampo, Sr. Street. Manila 1004. DEPARTMENT ORDER NO. 041.2014. June 11, 2014. SUBJECT: IMPLEMENTATION OF THE REVISED ZONAL VALUES OF. REAL PROPERTIES IN TH
zonal values of real properties Q` revision) located in the City of Davao under the jurisdiction. of Revenue District Office No. 113(Davao City), Revenue Region No. 19(Davao City) after. public hearing was conducted on October 13, 1997 for the purpos
receipts assessed and collected by the CENTER in. pursuance of Administrative Order No. 266 shall be. treated and recorded as income of Trust Fund of the.
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