Implementation of the Revised Zonal Values of Real Properties in the Municipality of San Fernando, Province of Pampanga, under Revenue District Office No. 18 (San Fernando, Pampanga) Revenue Region No. 3A, San Fernando, Pampanga for Internal Revenue Tax Purposes

August 15, 1990 DOF DEPARTMENT ORDER NO. 061-90 ( Declared Superseded by D.O. 29-16) SUBJECT : Implementation of the Revised Zonal Values of Real Properties in the Municipality of San Fernando, Province of Pampanga, under Revenue District Office No. 18 (San Fernando, Pampanga) Revenue Region No. 3A, San Fernando, Pampanga for Internal Revenue Tax Purposes TO : All Internal Revenue Officers and Others Concerned Section 16 (e) of the Tax Code, as amended by Presidential Decree No. 1994, 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. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties located in the Municipality of San Fernando, Province of Pampanga under the jurisdiction of Revenue District No. 18, Revenue Region 3A, San Fernando, Pampanga after a public hearing was conducted on June 30, 1990 for the purpose. This Order is issued to implement zonal values for land as shown in Annex "A" hereof to be used in computing any internal revenue tax. cASEDC In case the gross selling price or the market value as shown in the schedule of values of the Provincial Assessor is higher than the zonal value established herein, such values shall be used as basis for computing the internal revenue tax. This Order shall take effect immediately. (SGD.) JESUS P. ESTANISLAO Secretary of Finance RECOMMENDED BY: (SGD.) JOSE U. ONG Commissioner of Internal Revenue