Initial Zonal Values of Real Properties in the Municipalities Under Revenue District Office No. 2 (Vigan, Ilocos Sur)
DOF Department Order No. 009-96 • Department of Finance • DOF Orders • Dec 18, 1995
Full text
December 18, 1995 DOF DEPARTMENT ORDER NO. 009-96 ( Declared Superseded by D.O. 29-16) SUBJECT : Implementation of the Initial Zonal Values of Real Properties in the Municipalities of Banayoyo, Burgos, Cabugao, Candon, Cervantes, Galimuyod, Gregorio del Pilar, Magsingal, Nagbukel, Narvacan, Quirino, Salcedo, San Esteban, San Ildefonso, San Juan, Santa, Santiago, Sigay, Sinait, Sta. Catalina, Sta. Cruz, Sta. Lucia, Sta. Maria, Sto. Domingo, Suyo, and Tagudin Under Revenue District Office No. 2 (Vigan, Ilocos Sur), Revenue Region No. 1 (Baguio City) for Internal Revenue Tax Purposes T O : 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 (initial) located in the Municipalities of Banayoyo, Burgos, Cabugao, Candon, Cervantes, Galimuyod, Gregorio del Pilar, Magsingal, Nagbukel, Narvacan, Quirino, Salcedo, San Esteban, San Ildefonso, San Juan, Santa, Santiago, Sigay, Sinait, Sta. Catalina, Sta. Cruz, Sta. Lucia, Sta. Maria, Sto. Domingo, Suyo and Tagudin under the jurisdiction of Revenue District Office No. 2 (Vigan, Ilocos Sur), Revenue Region No. 1 (Baguio City) after public hearing was conducted on March 27, 1995 for the purpose. This Order is issued to implement the initial zonal values for land to be used in computing any internal revenue tax. In case the gross selling price or 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 OCAMPO Secretary of Finance RECOMMENDED BY: LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.