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://www.ycyzqzxyh.com
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.
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.
- In Taiwan, competing narratives over the meaning of China's massive military show
- DILG suspends classes, gov’t work in 17 areas
- P1.7-M shabu seized in Taguig buy-bust
- 'I have no resentment,' says Torre after dismissal as PNP chief
- Passenger with fake Overseas Employment Certificate barred from leaving
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Supreme Court: It’s work as usual in judiciary
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Philippines to launch shame campaign vs traffic violators
