Implementation of the Revised Schedule of Zonal Values of Real Properties in the Cities of Ormoc and Baybay and the Municipalities of Albuera, Bato, Calubian, Hilongos, Hindang, Inopacan, Isabel, Kananga, Leyte, Matag-ob, Matalom, Merida, Palompon, San Isidro, Tabango and Villaba under the Province of Leyte within the Jurisdiction of Revenue District Office No. 89-Ormoc City, for Internal Revenue Tax Purposes

January 29, 2019 DOF DEPARTMENT ORDER NO. 009-19 SUBJECT : Implementation of the Revised Schedule of Zonal Values of Real Properties in the Cities of Ormoc and Baybay and the Municipalities of Albuera, Bato, Calubian, Hilongos, Hindang, Inopacan, Isabel, Kananga, Leyte, Matag-ob, Matalom, Merida, Palompon, San Isidro, Tabango and Villaba under the Province of Leyte within the Jurisdiction of Revenue District Office No. 89-Ormoc City, for Internal Revenue Tax Purposes TO : All Internal Revenue Officers and Others Concerned Section 4 of Republic Act 10963, otherwise known as the "Tax Reform for Acceleration and Inclusion (TRAIN)" Law, amending Section 6 (E) of National Internal Revenue Code (NIRC) of 1997 authorizes the Commissioner to divide the Philippines into different zones or areas and shall determine the fair market value of real properties located in each zone or area, subject to automatic adjustment once every three (3) years. cSaATC By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the Cities of Ormoc and Baybay and the Municipalities of Albuera, Bato, Calubian, Hilongos, Hindang, Inopacan, Isabel, Kananga, Leyte, Matag-ob, Matalom, Merida, Palompon, San Isidro, Tabango and Villaba under the Province of Leyte within the jurisdiction of Revenue District No. 89-Ormoc City, Revenue Region No. 14-Eastern Visayas, after public hearing was conducted on June 20 and 21, 2018 for the purpose. This Order is issued to implement the Revised Schedule of Zonal Values of Real Properties for purposes of computing any internal revenue tax due on sale/transfer or any disposition of real properties. The zonal values established herein shall apply provided the same is higher than (1) the fair market value as shown in the schedule of values of the provincial or city assessor and (2) the gross selling price/consideration as shown in the duly notarized document of sale or transfer of real property. This Order shall take effect immediately. CHTAIc (SGD.) CARLOS G. DOMINGUEZ Secretary of Finance RECOMMENDED BY: (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue