C) Republic of the Philippines DEPARTMENT OF FINANCE Manila
DEPARTMENT ORDER NO. 7,7-96 MAY 27, 1996
SUBJECT: IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN INTRAMUROS, ERMITA, MALATE & PORT AREA, MANILA UNDER REVENUE DISTRICT OFFICE NO. 33 (INTRAMUROS-ERMITA-MALATE), REVENUE REGION NO. 6 (MANILA), 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 (3rd revision) located in Intramuros, Ermita, Malate & Port Area, Manila under the jurisdiction of Revenue District Office No. 33 (Intramuros-Ermita-Malate), Revenue Region No. 6 (Manila) after public hearing was conducted on December 19, 1995 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 revenue tax. This Order shall take effect immediately.
ROBERTO F. DE OC Secretary of.FinanceRECOMMENDED BY:
LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue /ecs
NOW THEREFORE, 1, JOSE ISIDRO N. CAMACHO. Secretary of Finance. by. virtue of the powers of supervision and control over the Bureau of Internal Revenue. (BIR) granted to me by Section 2 of R.A. 8424 and Book IV, Title I I, Chapter 4, Section. 18 of t
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corresponding duties and taxes thereon have been paid. 3.2 Upon effectivity of ... necessary technical, operational and administrative. structures are in ... DEPARTMENT ORDER NO. 18 .pdf. DEPARTMENT ORDER NO. 18 .pdf. Open. Extract.
maximum tax ceilings imposable, determining the administrative and. statutory aids ... policies on promotions, transfers, details or secondment,. formulation and ... DEPARTMENT ORDER NO. 63.pdf. DEPARTMENT ORDER NO. 63.pdf. Open.
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