Revised Zonal Values of Real Properties in Taguig (6th Revision) and Pateros (5th Revision) Within the Jurisdiction of RDO No. 44
DOF Department Order No. 035-12 • Department of Finance • DOF Orders • Oct 5, 2012
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October 5, 2012 DOF DEPARTMENT ORDER NO. 035-12 SUBJECT : Implementation of the Revised Zonal Values of Real Properties in the City of Taguig (6th Revision) and Municipality of Pateros (5th Revision) Within the Jurisdiction of Revenue District Office No. 44 Taguig/Pateros, 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 area 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 located in the City of Taguig (6th revision) and Municipality of Pateros (5th revision) within the jurisdiction of Revenue District Office No. 44 Taguig/Pateros, Revenue Region No. 8 Makati City after public hearing was conducted on October 5, 2010 for the purpose. This order is issued to implement the revised zonal values of real properties for the purposes 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. DTAcIa CESAR V. PURISIMA Secretary of Finance RECOMMENDED BY: KIM S. JACINTO-HENARES Commissioner of Internal Revenue <ftp://ftp.bir.gov.ph/webadmin1/zip/20190RDO%20%20No%20%2044%20-%20Taguig%20%20%20Pateros.zip> last visited December 3, 2012
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