MANILA, Philippines — President Ferdinand Marcos Jr. on Thursday signed into law a measure that seeks to modernize the country’s mining fiscal regime.
Marcos signs mining tax regime law
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.
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://xef-mqk-fgnp-hf.jyxingfa.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.
- Anti-fake news bill filed anew in House
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- House panel defers 2026 DPWH budget until agency submits changes
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Tourists dice with danger on Hanoi's train street
- ‘God’s Influencer’ to become first millennial saint
- Trump: Many Americans ‘like a dictator’
- Comelec to resume BARMM polls ballot printing Thursday
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
