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.
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Roxas matriarch, 91
- Comelec defers reconstitution of BARMM parliamentary districts
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- 'Isang' leaves PAR, storm signals lifted - Pagasa
- Need a pee? Japan has QR code for that
- Isko files raps over demolition of sports complex
- Marcos names acting Ombudsman
- 9 dead in Ecuador after bus plunges into ravine
