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, This news data comes from:http://skflfs.705-888.com
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.
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.
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Nepali court: Hindu holy men's nudity not obscene
- Sotto files bill to amend party-list system
- Israel expects 1 million Gazans to flee new offensive
- DILG suspends classes, gov’t work in 17 areas
- PNP chief supports lowering age of discernment
- Choose Ombudsman with integrity, intelligence, insight – Cayetano
- Macron's decision to recognize Palestinian state angers Israel and the US
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
