DOF Department Order No. 082-14
DOF Department Order No. 082-14 • Department of Finance • DOF Orders • Oct 31, 2014
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October 31, 2014 DOF DEPARTMENT ORDER NO. 082-14 SUBJECT : Implementation of the Revised Zonal Values of Real Properties in the Municipalities of Ajuy, Anilao, Badiangan, Balasan, Banate, Barotac Nuevo, Batad, Bingawan, Calinog, Carles, Concepcion, Dingle, Buenas, Dumagas, Estancia, Janiuay, Lambunao, Lemery, Mina, New Lucena, Pototan, San Dionisio, San Enrique, San Rafael, Sara, Zarraga, Barotac Viejo and City of Passi under Revenue District Office No. 75-Zarraga, Iloilo, Revenue Region No. 11-(Iloilo City) for Internal Revenue Tax Purposes TO : All Internal Revenue Officers and Others Concerned Section 6 (E) of the 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 has determined the zonal values of real properties (2nd revision) located in the municipalities of Ajuy, Anilao, Badiangan, Balasan, Banate, Barotac Nuevo, Batad, Bingawan, Calinog, Carles, Concepcion, Dingle, Duenas, Dumangas, Estancia, Janiuay, Lambunao, Lemery, Mina, New Lucena, Pototan, San Dionision, San Enrique, San Rafael, Sara, Zarraga, Barotac Viejo and City of Passi under the jurisdiction of Revenue District Office No. 75 (Zarraga, Iloilo), Revenue Region No. 11-(Iloilo City) after public hearings were conducted on July 21, 2010 for the purposes. This Order is issued to implement the revised zonal values for land to be used in computing any internal revenue tax. In case the gross selling price or the market value as shown in the schedule of values of the provincial or city assessor is higher than the zonal value established herein, such values shall be used as basis for computing the internal revenue tax. cHAaCE This Order shall take effect immediately. (SGD.) CESAR V. PURISIMA Secretary Department of Finance RECOMMENDED BY: (SGD.) KIM S. JACINTO-HENARES Commissioner Bureau of Internal Revenue
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