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.
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.
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, This news data comes from:http://ijksp.705-888.com
- SEARCH WARRANT
- GoTyme gives customers 20 free InstaPay transfers per month
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- Marcos lauds Alex Eala’s win in Guadalajara
- Pope Leo meets LGBTQ+ Catholic advocate and vows continuity with Pope Francis' legacy of welcome
- No winner in Ultra, Megalotto draws for Sept 5
- Magnitude 5.1 earthquake rattles Surigao del Sur
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
