PMEA Blog

Kristine S. Casa-Siervo

The clamor from various local government units for set, uniform guidelines to address the issues of proper business tax, fees and charges to be imposed on mining companies has finally been addressed.Last August 20, the Department of Finance, through a Local Finance Circular signed by Secretary Margarito B. Teves, issued the guidelines governing the power of provinces, cities and municipalities to impose local taxes, fees and charges on mining companies, pursuant to the provision of Republic Act No. 7160, otherwise known as the Local Government Code of the Philippines (LGC), and RA 7942, or the Philippine Mining Act of 1995.

Learn more about this latest circular on local taxation of mining companies in the article entitled “A gold mine for LGUs” which can be accessed through the link below.

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This article is not intended to be a substitute for professional advice.
For comments and inquiries, you may e-mail the author at
Kristine.Casa-Siervo@pna.ph. For other tax concerns, please check out our
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