After 10 years, the Bureau of Internal Revenue has recommended the upgrading and amendment of the existing zonal valuation in Dumaguete City in consultation with the sub-technical committee.

Officer-in-charge Arturo Acabal of the BIR Revenue District No. 79, said the new system will be used as basis in computing the national internal revenue taxes.

Acabal stressed the need to upgrade the zonal values after the government has been deprived of needed revenues for so many years.

He added that the proposed valuation will be presented at a public hearing tomorrow at the DCCO Building in Dumaguete, that will be attended by representatives from BIR national office, members of the national asset valuation committee, and delegates from the BIR in Central Visayas and in Bacolod City.

Acabal said he has noted that the market values determined by assessors are even higher compared to those of the BIR under the present zonal valuation.

He also said he believes that the actual transactions in the purchase of real properties are not even disclosed to the BIR office in order to do away with the zonal valuation.

Acabal assured the taxpayers that the rates are reasonable because the proposal passed the approval of the sub-technical committee and the BIR

He enjoined taxpayers to share their ideas on the proposed zonal valuation during the public hearing.*JG

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