Republic Acts1 min read
Section 31Sec./Art. 31
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Saving Clause. - The zonal values, as determined by the BIR and approved by the Secretary of Finance for internal revenue tax purposes, together with the municipal assessors, and the city assessors, including the lone municipal assessor in Metropolitan Manila Area and the assessor of the PHIVIDEC Industrial Authority, shall continue to be in force and effect until repealed, superseded, modified, revised, set aside, or replaced in accordance with Section 16 of this Act, which shall be within two (2) years upon the effectivity of this Act: Provided, That the PHIVIDEC Industrial Authority, pursuant to Section 4(h) of Presidential Decree No. 538, shall continue to levy, assess, and collect real property taxes on real properties within its jurisdiction.
ARTICLE VI
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