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SOURCE: Press and Public Affairs Bureau


FISCAL REGIME FOR MINING INDUSTRY

FISCAL REGIME FOR MINING INDUSTRY
 

20 September 2018 03:47:20 PM

Former President and now House Speaker Gloria Macapagal-Arroyo joins the deliberations on the substitute bill to House Bills 422 and 7994, which seeks to establish a fiscal regime for the mining industry. The deliberations were done during the hearing conducted by the Committee on Ways & Means chaired by Rep. Estrellita Suansing (1st District, Nueva Ecija). Speaker Arroyo urged the mining sector to confer with the Department of Finance (DOF) on the sector's proposal regarding the tax on mining. She said that if DOF Secretary Carlos Dominguez III does not respond within three days, the House of Representatives shall undertake the drafting of the bills. Also present during the hearing were Deputy Speakers Raneo Abu and Sharon Garin, Reps. Angelina Tan (4th District, Quezon), Marisol Panotes (2nd District, Camarines Sur) and Milagros Aquino-Magsaysay (Party-list, Senior Citizen), as well as resource persons from the mining sector and DOF, among others. | Monel Gonzales/Pecto Camero

 
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