Implementation of the Revised Schedules of Zonal Values of Real Properties in the City of Sorsogon and the Municipalities of Barcelona, Bulan, Bulusan, Casiguran, Castilla, Donsol, Gubat, Irosin, Juban, Magallanes, Matnog, Pilar, Prieto Diaz, Sta. Magdalena (1st Revision), Within the Jurisdiction of Revenue District Office No. 68-Sorsogon City, Sorsogon, Revenue Region No. 10-Legazpi City for Internal Revenue Tax Purposes

January 20, 2020DOF DEPARTMENT ORDER NO. 005-20SUBJECT : Implementation of the Revised Schedules of Zonal Values of Real Properties in the City of Sorsogon and the Municipalities of Barcelona, Bulan, Bulusan, Casiguran, Castilla, Donsol, Gubat, Irosin, Juban, Magallanes, Matnog, Pilar, Prieto Diaz, Sta. Magdalena (1st Revision), Within the Jurisdiction of Revenue District Office No. 68-Sorsogon City, Sorsogon, Revenue Region No. 10-Legazpi 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. HTcADCBy virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the City of Sorsogon and the Municipalities of Barcelona, Bulan, Bulusan, Casiguran, Castilla,...