Mining Law: New Fiscal Regime for the Mining Industry
September 20, 2022
In August 2022, the House of Representatives' Committee on Ways and Means approved a bill proposing a new fiscal regime for the Philippine mining industry, following the previous proposal of the Department of Finance (DOF) and which will cover existing and prospective large-scale metallic mine, regardless of location.
Before it is enacted into law, the Committee-approved bill will undergo two more readings in the House of Representatives, three readings in the Senate, further approval of the Bicameral Conference Committee, and the final approval of the President.
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