Implementation of the Revised Schedules of Zonal Values of Real Properties in the City of Ozamiz (2nd Revision), the Cities of Oroquieta and Tangub and the Municipalities of Aloran, Baliangao, Bonifacio, Calamba, Clarin, Concepcion, Don Victoriano Chiongbian, Jimenez, Lopez Jaena, Panaon, Plaridel, Sapang Dalaga, Sinacaban and Tudela (1st Revision), within the Jurisdiction of Revenue District Office No. 100-Ozamiz City, Misamis Occidental, Revenue Region No. 16-Cagayan de Oro City for Internal Revenue Tax Purposes

September 3, 2020 DOF DEPARTMENT ORDER NO. 027-20 SUBJECT : Implementation of the Revised Schedules of Zonal Values of Real Properties in the City of Ozamiz (2nd Revision), the Cities of Oroquieta and Tangub and the Municipalities of Aloran, Baliangao, Bonifacio, Calamba, Clarin, Concepcion, Don Victoriano Chiongbian, Jimenez, Lopez Jaena, Panaon, Plaridel, Sapang Dalaga, Sinacaban and Tudela (1st Revision), within the Jurisdiction of Revenue District Office No. 100-Ozamiz City, Misamis Occidental, Revenue Region No. 16-Cagayan de Oro 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. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the City of Ozamiz (2nd Revision), the Cities of Oroquieta and Tangub and the Municipalities of Aloran, Baliangao, Bonifacio, Calamba, Clarin, Concepcion, Don Victoriano Chiongbian, Jimenez, Lopez Jaena, Panaon, Plaridel, Sapang Dalaga, Sinacaban, and Tudela (1st Revision), within the jurisdiction of Revenue District Office No. 100-Ozamiz City, Revenue Region No. 16-Cagayan de Oro City, after public hearing was conducted on June 25, 2020. 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 Secretary of Finance RECOMMENDED BY: (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue