Implementation of the Revised Schedule of Zonal Values of Real Properties in the Province of Laguna within the Jurisdiction of Revenue District Office No. 56-Calamba City, Central Laguna for Internal Revenue Tax Purposes

August 29, 2017DOF DEPARTMENT ORDER NO. 056-17SUBJECT:Implementation of the Revised Schedule of Zonal Values of Real Properties in the Province of Laguna within the Jurisdiction of Revenue District Office No. 56-Calamba City, Central Laguna 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 the private and public sectors. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the City of Calamba and Municipalities of Bay, Calauan, Los Baños, Pila, Sta. Cruz and Victoria within the jurisdiction of RDO No. 56, Calamba City, Central Laguna, Revenue Region No. 9B-LaQueMar after public hearing was conducted on October 15, 2015 for the purpose. This Order...