Implementation of the Revised Schedules of Zonal Values of Real Properties in the City of San Pablo, Municipalities of Alaminos, Cavinti, Kalayaan, Nagcarlan, Pagsanjan, Santa Maria (3rd Revision), and Municipalities of Famy, Liliw, Luisiana, Lumban, Mabitac, Magdalena, Majayjay, Paete, Pakil, Pangil, Rizal and Siniloan (2nd Revision) under the Jurisdiction of Revenue District Office No. 55-San Pablo City, East Laguna for Internal Revenue Tax Purposes

May 5, 2020DOF DEPARTMENT ORDER NO. 018-20SUBJECT : Implementation of the Revised Schedules of Zonal Values of Real Properties in the City of San Pablo, Municipalities of Alaminos, Cavinti, Kalayaan, Nagcarlan, Pagsanjan, Santa Maria (3rd Revision), and Municipalities of Famy, Liliw, Luisiana, Lumban, Mabitac, Magdalena, Majayjay, Paete, Pakil, Pangil, Rizal and Siniloan (2nd Revision) under the Jurisdiction of Revenue District Office No. 55-San Pablo City, East 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. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in City of San Pablo, Municipalities of Alaminos,...