Senate Ratifies Fiscal Reform Bill for Large-Scale Metallic Mining

The Senate has ratified the bicameral conference committee report on the proposed Enhanced Fiscal Regime for Large-Scale Metallic Mining Act. This is a measure expected to generate billions in additional government revenues through reforms in the mining tax structure.

In a speech delivered on June 11, 2025, Senator Joseph Victor “JV” Ejercito thanked his colleagues for supporting the ratification of the reconciled version of Senate Bill No. 2826 and House Bill No. 8937.

According to Ejercito, the new fiscal framework is expected to contribute an estimated PHP6 billion in additional revenue for the national government. The bill introduces significant changes to the taxation of large-scale metallic mining operations.

Under the reconciled version:

A 5% royalty based on gross output will apply to mining operations within mineral reservations.
For those outside mineral reservations, a five-tier royalty system will be implemented, with rates ranging from 1% to 5%, depending on the mining operation’s margin.

The measure also introduces provisions aimed at improving transparency and accountability within the extractive sector. Among these are mechanisms to ensure that local stakeholders and the public are better informed about financial flows and mining revenues.

Additionally, the bill mandates the immediate release of excise taxes, royalties, and other related fees to local government units (LGUs). This ensures that host communities receive their share of mining revenues without undue delays.

The ratification of the measure marks a significant milestone in the government’s efforts to modernize the country’s mining fiscal policies, promote equitable resource sharing, and strengthen governance in the sector.

Follow Ang Minero on Facebook and LinkedIn for more updates.

Senate Ratifies Fiscal Reform Bill for Large-Scale Metallic Mining

Related Posts

FEATURED POST

EDITOR PICK'S

Recent News

Category

Follow us

Retrieve your password