Implementation of the Zonal Values of Real Properties in the Municipality of Cavinti, Laguna under Revenue District Office No. 55, Calamba, Laguna, Revenue Region 9, San Pablo City, for Internal Revenue Tax Purposes

November 12, 1990 DOF DEPARTMENT ORDER NO. 002-91 ( Declared Superseded by D.O. 29-16) SUBJECT : Implementation of the Zonal Values of Real Properties in the Municipalities of Alaminos, Cavinti and Sta. Cruz, Laguna, under Revenue District Office No. 55, San Pablo City, Laguna, Revenue Region No. 9, San Pablo City, for Internal Revenue Tax Purposes TO : All Internal Revenue Officers and Others Concerned Section 16(E) of the Tax Code as amended by Presidential Decree No. 1994, authorizing 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. By virtue of said property, the Commissioner of Internal Revenue has determined the zonal values of real properties located in the Municipality of Cavinti under Revenue District No. 55, San Pablo City, Revenue Region 9, San Pablo City, after a public hearing was conducted on October 10, 1990 for the purpose. This Order is issued to implement zonal values for land 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 value of the Provincial or City assessor is higher than the zonal value established herein, such value shall be used as basis for computing the Internal Revenue Tax. This Order shall take effect immediately. (SGD.) JESUS P. ESTANISLAO Secretary of Finance RECOMMENDED BY: (SGD.) JOSE U. ONG Commissioner of Internal Revenue