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New fiscal regime for mining looms • Jovee Marie de la Cruz

The new fiscal regime for the mining sector nears fruition after the House of Representatives approved on second reading a priority measure of the Marcos administration. This was after lawmakers approved through viva voce voting late Monday House Bill (HB) 8937. The measure seeks for an “Act Enhancing the Fiscal Regime for the Mining Industry,” ....

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Miners say taxes 'regressive,'hobble investments, growth

COMPANIES belonging to the Chamber of Mines of the Philippines (COMP) cited two studies commissioned by the Department of Environment and Natural Resources (DENR) and the Department of Finance (DOF) that revealed the country’s mining taxes are already high. The COMP used the results of these studies to flag the… ....

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