Implementation of the Revised Schedules of Zonal Values of Real Properties in Novaliches, Quezon City (6th Revision) within the Jurisdiction of Revenue District Office No. 28-Novaliches for Internal Revenue Tax Purposes

April 2, 2019DOF DEPARTMENT ORDER NO. 026-19SUBJECT:Implementation of the Revised Schedules of Zonal Values of Real Properties in Novaliches, Quezon City (6th Revision) within the Jurisdiction of Revenue District Office No. 28-Novaliches for Internal Revenue Tax Purposes   TO:All Internal Revenue Officers and Others Concerned Section 4 of Republic Act No. 10963, otherwise known as the "Tax Reform for Acceleration and Inclusion (TRAIN) Law," amending Section 6 (E) of National Internal Revenue Code (NIRC) of 1997 authorizes the Commissioner to divide the Philippines into different zones or areas and shall determine the fair market value of real properties located in each zone or areas, subject to automatic adjustment once every three (3) years. IAETDcBy virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in Novaliches, Quezon City within the jurisdiction of RDO No. 28-Novaliches, Revenue Region No. 7-Quezon City, after public hearing was conducted on September 25, 2018 for the purpose. This Order is issued to implement the Revised Schedule of Zonal Values of Real Properties for purposes...