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://www.xs888999.com
Marcos signs mining tax regime law
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.
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.
- 25 countries suspend postal services to US over tariffs – UN
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- China to bolster non-Western alliances at summit, parade
- US halts 80% complete, huge offshore wind farm
- Budget shortfall narrows in July
- Escudero says new lease law to make PH more appealing to investors
- Trump moves to end US tariff exemption for small packages
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Malaysia warns TikTok vs cyberbullying, deepfakes
