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.
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., This news data comes from:http://gyglfs.com
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.
- Search for survivors after Afghan earthquake kills 800
- More funding sought for sports commission
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- SC orders comment on petitions vs polls
- Epstein victims compiling list of sexual abusers
- Marcos names acting Ombudsman
- House bill seeks to regulate AI use
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Chinese tourist city Sanya shuts down as typhoon intensifies
