Revised Zonal Values of Real Properties in East Makati, RDO No. 47

June 25, 1991 DOF DEPARTMENT ORDER NO. 135-91 ( Declared Superseded by D.O. 29-16) SUBJECT : Implementation of the Revised Zonal Values of Real Properties in East Makati Revenue District Office No. 47 under Revenue Region 8, Makati, Metro Manila 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 are 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 Makati under the jurisdiction of Revenue District Office No. 47 (East Makati) Revenue Region 8, Makati, Metro Manila, after a public hearing was conducted on November 12, 1990 for the purpose. This order is issued to implement zonal values for land and improvements in the case of condominiums/townhouses, commercial and industrial buildings as shown in Annex "A" hereof to 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