Republic of the Philippines DEPARTMENT OF FINANCE Manila

DEPARTMENT ORDER NO.. 53-95 MAY 3, 1995 SUBJECT:

REAL OF ZONAL VALUES IMPLEMENTATION OF THE PROPERTIES IN THE MUNICIPALITIES OF DAFT, BASUD, SAN SAN VICENTE AND TALISAY, CAMARINES LORENZO RUIZ, NORTE UNDER REVENUE DISTRICT OFFICE NO- 64 (DAFT, CAMARINES NORTE), REVENUE REGION NO.. 10 (LEGAZPI CITY) FOR INTERNAL REVENUE TAX PURPOSES.

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All Internal Revenue Officers and Others Concerned-

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:

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 sectorsBy virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties (Initial) located in the Municipalities of Daet, Basud, San Lorenzo Ruiz, San Vicente and Talisay, Camarines Norte under the jurisdiction of Revenue District Office No.. 64 (Daet, Camarines Norte), Revenue Region No.. 10 (Legazpi City) after public hearing was conducted on November 17, 1994 for the purpose- This Order is issued to implement the zonal values for land to be used in computing any internal revenue taxIn 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 immediat

ROBERTO F_ DE 043AMPO Secretary of Finance

RECOMMENDED BY:

LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue

DEPARTMENT ORDER NO. 53 .pdf

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