Republic of the Philippines DEPARTMENT OF FINANCE Manila

DEPARTMENT ORDER NO- 615.4 FEBRUARY 28, 1994

SUBJECT:

IMPLEMENTATION OF THE REVISED ZONAL VALUES OF REAL PROPERTIES IN TAGATAY CITY UNDER REVENUE DISTRICT OFFICE NO. 36 tTRECE-MARTtREE CITY1, REVENUE REGION 4B2 fMAK.ATI, METRO MANILAI, FOR INTERNAL REVENUE NO. TAX PURPOSES

T

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 of the real properties located in each zone or area upon value consultation with competent appraisers both from private and public sectors. virtue of said author ity, the Commissioner of Internal By Revenue has determined the zonal values of real properties located in Tagaytay City under the jurisdiction of Revenue District Office No. 36 £Trece Martir ez Cityl Revenue Region No. 482 (Makati, Metro Manila), after public hearing was conducted or, This is issued to August 17, 1993 for the purpose. order implement the revised zonalvalues far land and improvements in the case of condominiums/townhouses, commercial and industrial as shown in Annex "A" hereof to be used in computing buildings 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 intgr al, revenue tax_ This Order shall take effect immedia

RECOMMENDED BY:

LIWAYWAY VINZONS-CHATO Commissioner of internal Revenue

DEPARTMENT ORDER NO. 85 .pdf

District Office No. 36 £Trece Martir ez Cityl Revenue Region No. 482 (Makati, Metro Manila), after public hearing was conducted or,. August 17, 1993 for the purpose. This order is issued to. implement the revised zonalvalues far land and improvements in. the case of condominiums/townhouses, commercial and industrial.
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