L Republic of the Philippines DEPARTMENT OF FINANCE Manila

DEPARTMENT ORDER NO.. 52-95 APRIL 27, 1995 SUBJECT:

IMPLEMENTATION OF THE ZONAL VALUES OF REAL PROPERTIES IN ALL MUNICIPALITIES UNDER REVENUE DISTRICT OFFICE NO.1O6 (TANDAG, SURIGAO DEL SUR), REVENUE REGION NO_ 17 (BUTUAN CITY) FOR INTERNAL REVENUE TAX PURPOSES-

T 0 : All Internal Revenue Officers and Others ConcernedSection 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 sectorsBy virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties (initial) located in all municipalities under the jurisdiction of Revenue District Office No- 106 (Tandag, Surigao del Sur), Revenue Region No.. 17 (Butuan City) after public hearing was conducted on January 18, 1995 for the purpose- This Order is issued to implement the 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 immediate) l ROBE O F_ DE 0 Secretary of Fi RECOMMENDED BY:

LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue

0 ce

DEPARTMENT ORDER NO. 52 .pdf

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