MANILA, Philippines — President Ferdinand Marcos Jr. on Thursday signed into law a measure that seeks to modernize the country’s mining fiscal regime.
The President signed Republic Act (RA) 12253 or the "Enhanced Fiscal Regime for Large-Scale Metallic Mining Act" in a ceremony in Malacañang.
Marcos signs mining tax regime law
The new law seeks to simplify and rationalize the fiscal regime for large-scale metallic mining, ensuring an equitable share of mining revenues for the government while upholding the principles of transparency, accountability and good governance in the mining industry.
Marcos signs mining tax regime law
Under the law, the estimated revenue impact from 2026 to 2029 is projected at P25.08 billion in total or an average of P6.26 billion per year., This news data comes from:http://auhapiqo.redcanaco.com
RA 12253, which is one of the priority measures of the Legislative-Executive Development Advisory Council, consolidates the provisions of House Bill 8937 and Senate Bill 2826.
- Maduro calls for dialogue hours after Trump’s threat
- Lacson clears air over conflict with Marcoleta on flood control probe
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- Afghan quake death toll surges to over 2,200
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Thailand set for vote on new PM after dissolution bid rejected
- Search for survivors after Afghan earthquake kills 800
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Gasoline, diesel prices to increase again next week
- Cebu Pacific to launch direct flights between Cebu and Palawan
