BIR Zonal Values RDO No. 9 is only for tax assessment purposes as it were! They are not a precise premise in deciding a property’s fairly estimated worth, in any event not yet.
| Republic of the Philippines | ||||
| DEPARTMENT OF FINANCE | ||||
| Roxas Boulevard Corner Pablo Ocampo, Sr. Street | ||||
| Manila 1004 | ||||
| DEPARTMENT ORDER NO. 12-2018 | ||||
| February 08, 2018 | ||||
| SUBJECT : IMPLEMENTATION OF THE REVISED SCHEDULE OF ZONAL VALUES OF REAL | ||||
| PROPERTIES IN THE PROVINCE OF BENGUET, WITHIN THE JURISDICTION OF | ||||
| REVENUE DISTRICT OFFICE NO. 09-LA TRINIDAD, BENGUET FOR INTERNAL | ||||
| REVENUE TAX PURPOSES. | ||||
| TO : All Internal Revenue Officers and Others Concerned. | ||||
| Section 6(E) of the Republic Act No. 8424, otherwise known as the “Tax Reform Act of 1997”, authorizes | ||||
| the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine for internal | ||||
| revenue tax purposes, the fair market value of the real properties located in each zone or area upon consultation with | ||||
| competent appraisers both from private and public sectors. | ||||
| By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of | ||||
| real properties in the Province of Benguet, within the jurisdiction of Revenue District Office No. 09, La Trinidad, Benguet, | ||||
| Revenue Region No. 02, Cordillera Administrative Region after public hearing was conducted on August 3, 2017 for the | ||||
| purpose. This Order is issued to implement the Revised Schedule of Zonal Values of Real Properties for purposes of | ||||
| computing any internal revenue tax due on sale/transfer or any other disposition of real properties. | ||||
| The zonal values established herein apply provided the same is higher than (1) the fair market value as shown | ||||
| in the schedule of values of the provincial or city assessor and (2) the gross selling price/consideration as shown in the | ||||
| duly notarized document of sale or transfer of real property. | ||||
| This order shall take effect immediately. | ||||
| (Signed) | ||||
| CARLOS G. DOMINGUEZ | ||||
| Secretary of Finance | ||||
| RECOMMENDED BY: | ||||
| (Signed) | ||||
| CAESAR R. DULAY | ||||
| Commissioner of Internal Revenue | ||||
BIR has effectively distributed the new rate of the Zonal Values in La Trinidad and it is found in their site. You may likewise straightforwardly download the compressed document utilizing this connection.