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.
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://www.gyglfs.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.
- 'Large shark' kills man off Sydney beach
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Roxas matriarch, 91
- Marcos wants subpoena power for body investigating flood projects
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- PH to see ‘blood moon’ Sept. 7-8
- Customs recovers 10 more Discaya luxury cars
- 'Lannie' exits PH — Pagasa
