Implementation of the Revised Schedules of Zonal Values of Real Properties in the Municipalities of Alcantara, Alcoy, Alegria, Argao, Aloguinsan, Badian, Barili, Boljoon, Dalaguete, Dumanjug, Ginatilan, Malabuyoc, Moalboal, Oslob, Pinamungahan, Santander, Samboan, Sibonga and Ronda (1st Revision), within the Jurisdiction of Revenue District Office No. 83-Talisay City, Cebu, Revenue Region No. 13-Cebu City for Internal Revenue Tax Purposes

October 14, 2020 DOF DEPARTMENT ORDER NO. 032-20 SUBJECT : Implementation of the Revised Schedules of Zonal Values of Real Properties in the Municipalities of Alcantara, Alcoy, Alegria, Argao, Aloguinsan, Badian, Barili, Boljoon, Dalaguete, Dumanjug, Ginatilan, Malabuyoc, Moalboal, Oslob, Pinamungahan, Santander, Samboan, Sibonga and Ronda (1st Revision), within the Jurisdiction of Revenue District Office No. 83-Talisay City, Cebu, Revenue Region No. 13-Cebu 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 municipalities of Alcantara, Alcoy, Alegria, Argao, Aloguinsan, Badian, Barili, Boljoon, Dalaguete, Dumanjug, Ginatilan, Malabuyoc, Moalboal, Oslob, Pinamungahan, Santander, Samboan, Sibonga and Ronda (1st revision) within the jurisdiction of Revenue District Office No. 83-Talisay City, Cebu, Revenue Region No. 13-Cebu City, after public hearing was conducted on December 9-12, 2019 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 Secretary of Finance RECOMMENDED BY: (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ATTACHMENT DEFINITION OF TERMS RESIDENTIAL LAND/CONDOMINIUM PRINCIPALLY DEVOTED TO HABITATION. COMMERCIAL LAND DEVOTED PRINCIPALLY TO COMMERCIAL PURPOSES AND GENERALLY FOR THE OBJECT OF PROFIT. INDUSTRIAL DEVOTED PRINCIPALLY TO INDUSTRY AS CAPITAL. AGRICULTURAL DEVOTED PRINCIPALLY TO RAISING OF CROP SUCH AS RICE, CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING, INLAND FISHING, SALT-MAKING, AND OTHER AGRICULTURAL USES INCLUDING TIMBERLAND AND FOREST LAND. GENERAL PURPOSE RAWLAND, UNDEVELOPED AND UNDERDEVELOPED AREA WHICH HAS POTENTIAL FOR DEVELOPMENT INTO RESIDENTIAL, COMMERCIAL, INDUSTRIAL, INSTITUTIONAL, ETC. MUST NOT BE LESS THAN 5,000 SQUARE METERS. VICINITY MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A STREET BEING LOCATED. CLASSIFICATION LEGEND: CODE CLASSIFICATION CODE CLASSIFICATION RR Residential Regular GL Government Land CR Commercial Regular GP General Purposes RC Residential Condominium I Industrial CC Commercial Condominium X Institutional CL Cemetery Lot APD Area for Priority Development A Agricultural PS Parking Slot