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://uonfb.aichuwei.com
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.
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Drug war whistleblower Royina Garma returns to PH after US detention
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- ChatGPT to get parental controls after teen's death
- Trump frustrated after thinking he made headway on Russia-Ukraine talks only to see Putin balk
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Workers urge Marcos to stop corruption by banning political dynasties
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
