Republic of the Philippines DEPARTMENT OF FINANCE Manila
DEPARTMENT ORDER NO. 9^ -,?pr FEBRUARY 28, 1997
SUBJECT : IMPLEMENTATION OF THE INITIAL ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITY OF BAYBAY UNDER REVENUE DISTRICT OFFICE NO. 89 (ORMOC CITY), REVENUE REGION NO. 14 (TACLOBAN 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 (initial) located in the Municipality of Baybay under the jurisdiction of Revenue District Office No. 89 (Ormoc City), Revenue Region No. 14 (Tacloban City) after public hearing was conducted on July 3, 1996 for the purpose. This Order is issued to implement the initial 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.
Secretary of Finance
RECOMMENDED BY:
LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
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Page 1 of 1. Republic of the Philippines. DEPARTMENT OF FINANCE. Manila. DEPARTMENT ORDER NO. 42-96. FEBRUARY 21, 1996. SUBJECT: IMPLEMENTATION OF THE INITIAL ZONAL VALUES OF. REAL PROPERTIES IN THE CITY OF CALBAYOG AND. MUNICIPALITY OF CATBALOGAN UN
In the exigency of the service and in view of the optional retirement of Executive ... by Her Excellency President Gloria Macapagal Arroyo, I am designating Mr. Dante V. ... DEPARTMENT ORDER NO. 42.pdf. DEPARTMENT ORDER NO. 42.pdf.
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secretary to a member of parliament, Guy was home. on leave. ... administrative and statutory aids, financial grants, and ... By authority of the Secretary:.
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