MANILA, Philippines — President Ferdinand Marcos Jr. on Thursday signed into law a measure that seeks to modernize the country’s mining fiscal regime.
Marcos signs mining tax regime law
The President signed Republic Act (RA) 12253 or the "Enhanced Fiscal Regime for Large-Scale Metallic Mining Act" in a ceremony in Malacañang., This news data comes from:http://ucqythlu.052298.com
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.
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
- Made in China? The remarkable tale of Venice's iconic winged lion
- Macron's decision to recognize Palestinian state angers Israel and the US
- DSWD program reduced hunger
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- 100K Pakistanis flee amid flood threat
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Discaya companies' licenses revoked for bid-rigging
- Lookout bulletins out vs Atong Ang, Barretto
- Thailand acting PM moves to dissolve parliament — party
- 'Ondoy'-level rains swamp Quezon City
