Implementation of the Revised Schedules of Zonal Values of Real Properties in the City of Ozamiz (2nd Revision), the Cities of Oroquieta and Tangub and the Municipalities of Aloran, Baliangao, Bonifacio, Calamba, Clarin, Concepcion, Don Victoriano Chiongbian, Jimenez, Lopez Jaena, Panaon, Plaridel, Sapang Dalaga, Sinacaban and Tudela (1st Revision), within the Jurisdiction of Revenue District Office No. 100-Ozamiz City, Misamis Occidental, Revenue Region No. 16-Cagayan de Oro City for Internal Revenue Tax Purposes

September 3, 2020DOF DEPARTMENT ORDER NO. 027-20SUBJECT : Implementation of the Revised Schedules of Zonal Values of Real Properties in the City of Ozamiz (2nd Revision), the Cities of Oroquieta and Tangub and the Municipalities of Aloran, Baliangao, Bonifacio, Calamba, Clarin, Concepcion, Don Victoriano Chiongbian, Jimenez, Lopez Jaena, Panaon, Plaridel, Sapang Dalaga, Sinacaban and Tudela (1st Revision), within the Jurisdiction of Revenue District Office No. 100-Ozamiz City, Misamis Occidental, Revenue Region No. 16-Cagayan de Oro City for Internal Revenue Tax Purposes   TO : All Internal Revenue Officers and Others Concerned Section 4 of Republic Act 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. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties...