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.
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., This news data comes from:http://snw-pdnp-mvbq-oatk.xs888999.com
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
- Taiwan: China illegally deploying oil rigs in its waters
- Government work, classes on Tuesday suspended due to bad weather
- DPWH told to build evacuation centers
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- North Korea's Kim Jong Un travels to Beijing to watch military parade alongside Putin, Xi Jinping
- Anutin elected as Thailand's new prime minister
- 95 IMAGES OF MARY
- Eala kicks off US Open campaign, aims for breakthrough win in New York
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
