Delegation of Authority to Approve and Sign Resolutions by Technical Committee on Real Property Valuation

August 15, 2001 REVENUE DELEGATION AUTHORITY ORDER NO. 04-01 SUBJECT : Delegation of Authority to Approve and Sign Resolutions by the Technical Committee on Real Property Valuation Involving Case-to-Case Requests for Revaluation of Established Zonal Values of Real Properties TO : All Internal Revenue Officers and Employees and Others Concerned I. OBJECTIVES 1. To update the delineation of authority and responsibility of the revenue official who shall approve and sign the resolutions by the Technical Committee on Real Property Valuation (TCRPV) involving case-to-case requests for revaluation of established zonal values of real properties pursuant to Section 7 of the National Internal Revenue Code of 1997; and 2. To facilitate action on taxpayers' requests for such revaluation in accordance with Section 6(E) of the Tax Code in order to expedite the issuance of appropriate clearances relative to the covered real property transactions. II. DELEGATED SIGNING AUTHORITY The authority to sign the aforementioned TCRPV resolutions is hereby delegated to the Assistant Commissioner, Assessment Service. III. TRANSITORY PROVISION All requests pending with other offices upon the effectivity of this Order shall be forwarded to the Office of the Assistant Commissioner, Assessment Service for appropriate action. IV. EFFECTIVITY CLAUSE This revenue delegation authority order shall take effect immediately upon approval. aCcEHS (SGD.) REN G. BAEZ Commissioner of Internal Revenue