Implementation of the Revised Zonal Values of Real Properties in the City Urdaneta, and in the Municipalities of Asingan, Balungao, Binalonan, Pozzorubio, Rosales, San Quintin, Santa Maria, Sison, and Villasis, Pangasinan within the Jurisdiction of Revenue District Office No. 06 — Urdaneta, Pangasinan for Internal Revenue Tax Purposes
DOF Department Order No. 034-12 • Department of Finance • DOF Orders • Oct 5, 2012
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October 5, 2012 DOF DEPARTMENT ORDER NO. 034-12 SUBJECT : Implementation of the Revised Zonal Values of Real Properties in the City Urdaneta, and in the Municipalities of Asingan, Balungao, Binalonan, Pozzorubio, Rosales, San Quintin, Santa Maria, Sison, and Villasis, Pangasinan within the Jurisdiction of Revenue District Office No. 06 Urdaneta, Pangasinan 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. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in Urdaneta City (3rd revision) and in the municipalities of Asingan, Balungao, Binalonan, Pozzorubio, Rosales, San Quintin, Santa Maria, Sison and Villasis, Pangasinan (2nd revision) within the jurisdiction of Revenue District Office No. 06 Urdaneta City, Pangasinan, Revenue Region No. 1 Calasiao, Pangasinan after public hearing was conducted on November 24, 2010. This Order is issued to implement the revised zonal values for land to be used in computing any internal revenue tax. 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 of transfer of real property. This Order shall take effect immediately. DTaSIc (SGD.) CESAR V. PURISIMA Secretary of Finance RECOMMENDED BY: (SGD.) KIM S. JACINTO-HENAREZ Commissioner of Internal Revenue <ftp://ftp.bir.gov.ph/webadmin1/zip/20148RDO%20No%206-Urdaneta%20City,%20Asingan,%20et%20al.zip> last visited November 20, 2012
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