Certification on zonal values devolved to RDOs
(Revenue Memorandum Circular No. 126- 2016, December 8, 2016)
This Tax Alert is issued to inform all concerned on the easement of getting certification of zonal values of real properties.
Certificate of zonal values of real properties can now be issued by Revenue District Offices (RDOs). The certificate is used in the computation of the estate, donors and capital gains tax for the issuance of the certificate authorizing registration (CAR) to transfer the properties to the new owners.
The certificate is subject to a fee of P100.00 and documentary stamp tax of P15.00
Currently, all zonal value certifications, regardless of the location of the property, are issued at the BIR National Office by the Assessment Performance Monitoring Division (APMD). At their option, taxpayers can still request the certification from the APMD which is still authorize to process such requests.
The transfer is in line with the BIR's goal to facilitate the efficient and responsive service to taxpayers.