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., This news data comes from:http://tnt.yamato-syokunin.com
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.
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.
- China races to build world’s largest solar farm
- Taiwan: China illegally deploying oil rigs in its waters
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Afghan quake death toll surges to over 2,200
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Lookout bulletins out vs Atong Ang, Barretto
- DSWD program reduced hunger
- Thai court to rule on PM's fate after Hun Sen call leak
- Indonesia, US and allies launch joint military drills
