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., This news data comes from:http://xs888999.com
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.
Marcos signs mining tax regime law
- More funding sought for sports commission
- Philippines to work more closely with US amid regional challenges
- 'Strangest' dinosaur covered in spiked armory – scientists
- SC orders comment on petitions vs polls
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Tokyo logs record 10 days of 35 C or higher
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Isko files raps over demolition of sports complex
