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://msajl.xs888999.com
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.
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.
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.
- Taiwan: China illegally deploying oil rigs in our waters
- Police officers face more charges in missing cockfight enthusiasts case
- China races to build world’s largest solar farm
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Comelec probes 15 govt contractors over 2022 election donations
- Labubu fans flock to stores after launch of mini dolls
- DILG denies allegations that PNP chief fired over firearms deal
- Taiwan, China locked in historical word war
- EU massive fine against Google draws Trump threat
