Implementation of the Revised Schedules of Zonal Values of Real Properties in the Cities of Biñan, Cabuyao and Sta. Rosa (5th Revision) within the Jurisdiction of Revenue District Office No. 57-Biñan City, West Laguna for Internal Revenue Tax Purposes

May 7, 2019DOF DEPARTMENT ORDER NO. 032-19SUBJECT:Implementation of the Revised Schedules of Zonal Values of Real Properties in the Cities of Biñan, Cabuyao and Sta. Rosa (5th Revision) within the Jurisdiction of Revenue District Office No. 57-Biñan City, West Laguna 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. HTcADCBy virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the Cities of Biñan, Cabuyao and Sta. Rosa within the jurisdiction of RDO No. 57-Biñan City, West Laguna, Revenue Region No. 9B-LaQueMar after public hearing was conducted on December 18, 2018 for the purpose. This Order...