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.
Marcos signs mining tax regime law
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://hhw-hv-vag-aahs.aichuwei.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.
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- LTO summons driver who berated MMDA enforcer
- Remulla pledges transparency and impartiality as Ombudsman
- Epstein victims compiling list of sexual abusers
- BuCor chief calls for major reforms
- South Korean President vows support to Koreans arrested in US immigration raid
- Puno seeks probe of anomalous projects ‘funders’
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
