MGB OIC-assistant director Marcial Mateo said metallic operations outside mineral reservations must pay three percent of the market value of their gross output as royalty to the government.
Furthermore, non-metallic operations outside mineral reservations should pay a percentage of their gross revenue as royalty to the government, Mateo added.
Mateo disclosed the position of the MGB regarding the rationalization of the country's mining fiscal regime during a recent hearing by the Senate committee on ways and means.
هذه القصة مأخوذة من طبعة March 23, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 23, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Cebu Pacific adds new Taiwan route
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Motor vehicle production up 11% in 4 months
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Phi debt piles up to P15.02 T in April
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HK court convicts 14 activists in landmark subversion trial.
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Israel seizes Gaza's entire border with Egypt
Presses with raids into Rafah
N. Ecija provincial gov't told to return P96.8 M unused funds
The provincial government of Nueva Ecija has been asked to return P96.81 million in unutilized funds it received from various government agencies.
Tolentino backs probe of escorts
New Senate Majority Leader Francis Tolentino yesterday expressed support for an investigation of his two Metropolitan Manila Development Authority (MMDA) escorts.
2 MMDA enforcers escorting senator held
Over police markings on motorcycles
6 popular OTC drugs have counterfeits FDA
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