Implementation of the Revised Zonal Values of Real Properties in the Cities of Cabanatuan, Gapan and Palayan and the Municipalities of Bongabon, Cabiao, Gabaldon, General Natividad, General Tinio, Jaen, Laur, Peñaranda, San Antonio, San Isidro, San Leonardo and Sta. Rosa (2nd Revision), All within the Province of Nueva Ecija, within the Jurisdiction of Revenue District Office No. 23B-Cabanatuan City, South Nueva Ecija, for Internal Revenue Tax Purposes

June 4, 2018 DOF DEPARTMENT ORDER NO. 030-18 SUBJECT : Implementation of the Revised Zonal Values of Real Properties in the Cities of Cabanatuan, Gapan and Palayan and the Municipalities of Bongabon, Cabiao, Gabaldon, General Natividad, General Tinio, Jaen, Laur, Pearanda, San Antonio, San Isidro, San Leonardo and Sta. Rosa (2nd Revision), All within the Province of Nueva Ecija, within the Jurisdiction of Revenue District Office No. 23B-Cabanatuan City, South Nueva Ecija, 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 private and public sectors. ATICcS By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the Cities of Cabanatuan, Gapan and Palayan and the Municipalities of Bongabon, Cabiao, Gabaldon, General Natividad, General Tinio, Jaen, Laur, Pearanda, San Antonio, San Isidro, San Leonardo and Sta. Rosa (2nd Revision), all within the Province of Nueva Ecija, within the jurisdiction of Revenue District Office No. 23B-Cabanatuan City, South Nueva Ecija, Revenue Region No. 4-City of San Fernando, Pampanga after public hearing was conducted on May 31, 2017. This Order is issued to implement the revised 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. (SGD.) CARLOS G. DOMINGUEZ Secretary of Finance RECOMMENDED BY: (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue