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.
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., This news data comes from:http://www.ycyzqzxyh.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.
- Former PNP chief Torre III offered new government post
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- No Filipino fatalities in New York Tour-Bus crash, says DFA
- EU massive fine against Google draws Trump threat
- Duterte’s defense team outlines ICC strategy
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- NHA gives cash aid to families affected by calamity in Manila
- Marcos 'ready' to undergo lifestyle check- Palace
- PNP chief leads fun run
