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://www.jyxingfa.com
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.
Marcos signs mining tax regime law
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- MMDA inks deal with DBM for G-3 program
- Workers urge Marcos to stop corruption by banning political dynasties
- Konektadong Pinoy bill lapses into law
- Hontiveros urges probe on Chinese faking Filipino identity
- Protesters storm Discaya compound for second straight day
- Go seeks more support for Filipino athletes
- National Guard troops begin carrying weapons in US capital
- Cusi charged over Malampaya deal
- 'No way' US troops can invade Venezuela, says Maduro
