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., This news data comes from:http://xs888999.com
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.
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Pakistanis no reprieve from floods yet
- New Zealand to allow some wealthy foreign investors onto property market
- SEARCH WARRANT
- EU massive fine against Google draws Trump threat
- Marcos soon to create commission to probe flood control projects
- Chinese tourist city Sanya shuts down as typhoon intensifies
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
