Implementation of the Revised Schedules of Zonal Values of Real Properties in the Cities of Candon and Vigan, the Municipalities of Alilem, Banayoyo, Bantay, Caoayan, Lidlidda, San Emilio, San Vicente, Sugpon (3rd Revision), Burgos, Cabugao, Cervantes, Galimuyod, Gregorio Del Pilar, Magsingal, Nagbukel, Narvacan, Quirino, Salcedo, San Esteban, San Ildefonso, San Juan, Santa, Santa Catalina, Santa Cruz, Santa Lucia, Santa Maria, Santiago, Santo Domingo, Sigay, Sinait, Suyo and Tagudin (2nd Revision) All within the Jurisdiction of Revenue District Office No. 2-Vigan City, Ilocos Sur, Revenue Region No. 1-Calasiao, Pangasinan for Internal Revenue Tax Purposes
DOF Department Order No. 028-2023 • Department of Finance • DOF Orders • May 9, 2023
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May 9, 2023 DOF DEPARTMENT ORDER NO. 028-2023 SUBJECT : Implementation of the Revised Schedules of Zonal Values of Real Properties in the Cities of Candon and Vigan, the Municipalities of Alilem, Banayoyo, Bantay, Caoayan, Lidlidda, San Emilio, San Vicente, Sugpon (3rd Revision), Burgos, Cabugao, Cervantes, Galimuyod, Gregorio Del Pilar, Magsingal, Nagbukel, Narvacan, Quirino, Salcedo, San Esteban, San Ildefonso, San Juan, Santa, Santa Catalina, Santa Cruz, Santa Lucia, Santa Maria, Santiago, Santo Domingo, Sigay, Sinait, Suyo and Tagudin (2nd Revision) All within the Jurisdiction of Revenue District Office No. 2-Vigan City, Ilocos Sur, Revenue Region No. 1-Calasiao, Pangasinan for Internal Revenue Tax Purposes TO : All Internal Revenue Officers and Others Concerned Under Section 4 of Republic Act No. 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, the Commissioner is hereby authorized to divide the Philippines into different zones or areas and shall determine the fair market value of real properties located in each zone or areas, subject to automatic adjustment once every three (3) years. DETACa By virtue of said authority and after conduct of posting and publication in lieu of public hearing on June 24, 2022 until August 19, 2022, the Commissioner of Internal Revenue has determined the zonal values of real properties in the Cities of Candon and Vigan, and the municipalities of Alilem, Banayoyo, Bantay, Caoayan, Lidlidda, San Emilio, San Vicente, Sugpon, (3rd Revision), Burgos, Cabugao, Cervantes, Galimuyod, Gregorio Del Pilar, Magsingal, Nagbukel, Narvacan, Quirino, Salcedo, San Esteban, San Ildefonso, San Juan, Santa, Santa Catalina, Santa Cruz, Santa Lucia, Santa Maria, Santiago, Santo Domingo, Sigay, Sinait, Suyo and Tagudin (2nd Revision) all within the jurisdiction of Revenue District Office No. 2-Vigan City, Ilocos Sur, Revenue Region No. 1-Calasiao, Pangasinan. This Order is therefore issued to implement the revised schedules of zonal values of real properties for purposes of computation of 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.) BENJAMIN E. DIOKNO Secretary of Finance RECOMMENDED BY: (SGD.) ROMEO D. LUMAGUI, JR. Commissioner of Internal Revenue
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