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.
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://mk-xadh-wls-lu.erlvyiwan.com
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
- Trump move to cut more foreign aid risking shutdown
- Dizon to order DPWH officials to submit courtesy resignation
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Indonesia turns down ear-splitting 'haram' street parties
- DBP launches P50M program for education
- Marcos signs laws creating more court branches
- DOJ indicts Abra Mining for fraudulent trading
- Sri Lanka ex-president Wickremesinghe hospitalized after arrest
- Co out of country for medical reasons
