This order shall take effect immediately.

July 8, 2014 DOF DEPARTMENT ORDER NO. 052-14 SUBJECT : Implementation of the Revised Zonal Values of Real Properties in Tarlac City and the Municipalities of Bamban, Concepcion, Capas, La Paz, San Jose and Victoria, Province of Tarlac (2nd Revision), within the Jurisdiction of Revenue District Office No. 17A-Tarlac City 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 Tarlac City and the Municipalities of Bamban, Concepcion, Capas, La Paz, San Jose and Victoria, Province of Tarlac (2nd Revision), within the jurisdiction of Revenue District Office No. 17A-Tarlac City, Revenue Region No. 4-City of San Fernando, Pampanga after public hearing was conducted on 19 October 2010. This Order is 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. ESTCDA This order shall take effect immediately. (SGD.) CESAR V. PURISIMA Secretary of Finance RECOMMENDED BY: (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue