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Royalty on mining operations outside reservations pushed
March 23, 2024
|The Philippine Star
The Mines and Geosciences Bureau (MGB) said that mining operations outside mineral reservations must pay a royalty as part of the government's rationalization of the country's mining fiscal regime.
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 من طبعة March 23, 2024 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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