MANILA, Philippines — President Ferdinand Marcos Jr. on Thursday signed into law a measure that seeks to modernize the country’s mining fiscal regime., This news data comes from:http://wfs-ge-hobj-lcki.705-888.com
The President signed Republic Act (RA) 12253 or the "Enhanced Fiscal Regime for Large-Scale Metallic Mining Act" in a ceremony in Malacañang.
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.
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.
Marcos signs mining tax regime law
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.
Marcos signs mining tax regime law
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Immigration deports 49 South Korean fugitives
- Napoles gets 55 years for another ‘pork’ case
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- PNP chief Torre relieved from post — Palace
- Classes suspended in 10 Metro Manila cities due to rains
- Group presses DA on delayed fertilizer subsidies
- Marcos wants subpoena power for body investigating flood projects
- Hopes dim for Putin-Zelenskyy peace summit
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
