Implementation of the Revised Schedules of Zonal Values of Real Properties in the Cities of Dumaguete, Bais, Canlaon, Tanjay, Guihulngan and Bayawan and the Municipalities, within the Provinces of Negros Oriental and Siquijor under the Jurisdiction of Revenue District Office No. 79-Dumaguete City, Negros Oriental for Internal Revenue Tax Purposes

December 27, 2018DOF DEPARTMENT ORDER NO. 078-18SUBJECT:Implementation of the Revised Schedules of Zonal Values of Real Properties in the Cities of Dumaguete, Bais, Canlaon, Tanjay, Guihulngan and Bayawan and the Municipalities, within the Provinces of Negros Oriental and Siquijor under the Jurisdiction of Revenue District Office No. 79-Dumaguete City, Negros Oriental 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. cTDaEHBy virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the Cities of Dumaguete, Bais, Canlaon, Tanjay, Guihulngan and Bayawan and the municipalities within the Provinces of Negros Oriental and Siquijor (2nd revision) under...