PHILIPPINE VALUATION STANDARDS ADOPTION OF THE IVSC VALUATION STANDARDS UNDER PHILIPPINE SETTING 1st Edition, 2009 Bureau of Local Government Finance DEPARTMENT OF FINANCE PHILIPPINE VALUATION STANDARDS, 1st Edition Adoption of the IVSC Valuation Standards Under Philippine Setting Copyright © Bureau of Local Government Finance, 2009 8F, EDPC Bldg., BSP Complex, Roxas Blvd. 1004 Metro Manila, Philippines Telefax: + 632 524-6324 Web: www.blgf.gov.ph Email:
[email protected] First Printing, January 2010. Second Printing, April 2010 All rights reserved. No part of this book may be reproduced in any form or by any means without express permission of the copyright owners and the publisher. ISBN 978 - 971 - 94098 - 2 - 3 Printed in the Philippines. Republic of the Philippines DEPARTMENT OF FINANCE Roxas Boulevard Corner Pablo Ocampo, Sr. Street Manila 1004 DEPARTMENT ORDER NO. 37-09 19 October 2009 SUBJECT: Prescribing the Philippine Valuation Standards (1st Edition) – Adoption of the IVSC Valuation Standards under Philippine Setting TO: All Regional Directors of the Bureau of Local Government Finance, Provincial, City and Municipal Assessors and other concerned DOF agencies WHEREAS, Sections 33 (1) and (2) of Executive Order No. 292, series of 1987, otherwise known as the “Administrative Code of 1987” provide that the Bureau of Local Government Finance (BLGF) shall “Assist in the formulation and implementation of policies on local government revenue administration and fund management; Exercise administrative and technical supervision and coordination