Republic of the Philippines DEPARTMENT OF FINANCE Manila
DEPARTMENT ORDER NO. MARCH 01, 1994
SUBJECT:
IMPLEMENTATION THE REVISED ZONAL VALUES OF OF REAL PROPERTIES IN CAGAYAN DE ORD CITY UNDER REVENUE DISTRICT OFFICE NO. 75 (CAGAYAN DE ORO CITY), REVENUE REGION NO. 10-A (CAGAYAN DE ORO CITY) FOR INTERNAL REVENUE TAI 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 sectors. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties located in Cagayan de Ore City under the jurisdiction of Revenue District Office No. 75 Cagayan de Oro City), Revenue Region No. 10-A (Cagayan de Oro City) after public hearing was conducted on June 28, 1993 for the purpose. This order is issued to implement the revised zonal values for land and improvements in the case of condominiums/townhouses, commercial and industrial buildings 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 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 immediatel
ROBEr . O F . t.DE - CA':? O Secretary of Finance RECOMMENDED BY:
LIWA°;WAY :'INZONS-CHATO Commissioner of Internal Revenue
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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.
respective Services which are usually signed by Under- secretary P. H. Almanzor. Tiowever, all papers involving. Administrative Cases and opinion on Local ...
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