DOF aims to finalize new mining tax rules by December
The Department of Finance (DOF) is targeting December to finalize the implementing rules and regulations (IRR) for the new mining ...
Tag: department of finance
GSIS eyes DOF’s stake in Semirara Mining
The Government Service Insurance System (GSIS) may buy the Department of Finance's (DOF) stake in Semirara Mining and Power Corporation ...
Government plans to sell Semirara Mining shares by next year
The Department of Finance (DOF) announced that the Philippine government intends to divest its mining shares in Semirara Mining and ...
DOF lowers revenue estimates for mining tax reform amid declining metal prices
The Department of Finance (DOF) has amended its annual revenue forecast to Php 6.3 billion from Php 10.23 billion over ...
DOF explores partnering with GSIS or Maharlika to accelerate mining asset sales
The Department of Finance (DOF) is contemplating a joint venture (JV) with the Maharlika Investment Corporation or the Government Service ...
Miners, govt officials agree on fiscal regime proposal
After extensive negotiations, miners and government officials have reached a consensus on the structure of a proposed windfall profit tax ...
Senate forms subcommittee, to review DoF mining fiscal regime proposal
The Philippine Senate has established a ways and means subcommittee to address proposals aimed at simplifying and revising the fiscal ...
DOF advocates for increased royalties, income-based taxes
The Department of Finance (DOF) is advocating for increased income-based taxes and royalties from mining firms, higher than the proposed ...
COMP: Higher taxes will hinder development of mining sector
Having higher taxes in the mining industry, especially those operating outside mineral reservation (MR) could affect the government’s push to ...
Mining industry advocating for a margin-based royalty bill
The mining industry is advocating for the imposition of a margin-based royalty and windfall profit tax, as it would allow ...
