Mining industry eyes uniform tax treatment

By Janine Alexis Miguel

Jul 28, 2024 12:17 am

THE Philippine mining industry is calling for significant reforms in tax policy and regulatory processes to revitalize the sector and attract foreign investments.

During an industry luncheon on Friday, Philippine Nickel Industry Association (PNIA) President Dante Bravo highlighted the need for a uniform tax treatment for mining companies. He said that the current 2-percent tax rate imposed by local government units is burdensome for mining companies.

FORUM Philippine Nickel Industry Association President Dante Bravo (right) answers questions during a luncheon discussion hosted by the Philippine Mining Club on July 26, 2024 at Bonifacio Global City. Also in photo is Philippine Mining and Exploration Association President Joey Nelson Ayson (left), who is the event’s emcee. PHOTO BY ISMAEL DE JUAN

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