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., This news data comes from:http://www.gyglfs.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.
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
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Emma Tiglao crowned Miss Grand PH 2025
- Nartatez rules out 'quota' arrests
- Guyana votes amid oil boom, Venezuela tensions
- Pope meets with Chagos refugees and delivers message about rights of the weak against the powerful
- Oil firms to hike pump prices Tuesday
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Follow the trucks: Why investors are looking south of Metro Manila
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
