Implementation of the Revised Schedule of Zonal Values of Real Properties in the City of San Fernando, Pampanga and All Municipalities within the Jurisdiction of Revenue District Office No. 21B-South Pampanga for Internal Revenue Tax Purposes

April 21, 2017 DOF DEPARTMENT ORDER NO. 026-17 SUBJECT : Implementation of the Revised Schedule of Zonal Values of Real Properties in the City of San Fernando, Pampanga and All Municipalities within the Jurisdiction of Revenue District Office No. 21B-South Pampanga for Internal Revenue Tax Purposes TO : All Internal Revenue Officers and Others Concerned Section 6 (E) of Republic Act No. 8424, otherwise known as the "Tax Reform Act of 1997," 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 the private and public sectors. HTcADC By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the City of San Fernando (3rd revision) and in the municipalities of Apalit, Bacolor, Candaba, Floridablanca, Guagua, Lubao, Macabebe, Masantol, Mexico, Minalin, San Luis, San Simon, Sasmuan, Sta. Ana, Sta. Rita and Sto. Tomas, Pampanga (2nd revision) within the jurisdiction of Revenue District Office No. 21B-South Pampanga, Revenue Region No. 4-San Fernando City, Pampanga after public hearings were conducted on June 14, 17 and 21, 2016 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 other 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. (SGD.) CARLOS G. DOMINGUEZ III Secretary of Finance RECOMMENDED BY: (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue