REVENUE MEMORANDUM CIRCULAR NO. 115-2020 issued on October 21, 2020 clarifies that Certificate of Zonal Values of Real Properties shall only be issued by the concerned Revenue District Offices having jurisdiction over the property location and the same shall be used by the applicant in their transactions with other government offices or private entities.
Certifications that shall be used for purposes of securing assistance with the BlR in the computation of taxes relative to One Time Transaction (ONETT) (such as, Estate Tax, Donor’s Tax and Capital Gains Tax, etc.) shall no longer be processed since it is not among the requirements from the applicant in securing said assistance nor a requirement in the issuance of Certificate Authorizing Registration (CAR).
BIR processing offices are directed to access the applicable zonal values posted in the BIR website thru https://www.bir.gov.ph/index.php/zorial-values.html or by clicking the “Zonal Values” under the Quick Links in the BIR Website-Home Page. The concerned Revenue Officer shall generate screen print-out that will serve as supporting document of the computed tax due for purposes of securing the approval of the authorized Revenue Official.