REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE MANILA

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DEPARTMENT ORDER NO. 46-39 September 8, 1989

SUBJECT:

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of Implementation the of Real Zonal Values Properties in the City of San Pablo under Revenue District Office No. 37, Revenue Region 4C, San Pablo City, for Internal Revenue Tax Purposes. All Internal Revenue Officers and Others Concerned.

amended by Section 16(e) of the Tax Code, as 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 with zone or area upon consultation located in each competent appraisers. of the Commissioner of said authority, By virtue Internal Revenue has determined the zonal values of real properties located in the City of San Pablo under Revenue 37, Revenue Region 4C, San Pablo City, after a District No. public hearing was conducted on August .28, 1989 for the This Order is issued to implement zonal values for purpose. 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 herein, such values shall be used as basis for computing the internal revenue tax, This Order shall take effect immediately.

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VTO TOR- C. _MAUnI'10AG -,

Acting Secretary of Finance RECOMMENDED BY:

U. ONG CommissioneY ¢.f Internal Revenue

DEPARTMENT ORDER NO. 46.pdf

Section 16(e) of the Tax Code, as amended by. Presidential Decree No. 1994 ... zones or areas and determine for internal revenue tax. purposes, the fair ... DEPARTMENT ORDER NO. 46.pdf. DEPARTMENT ORDER NO. 46.pdf. Open. Extract.

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