The Philippines has published Republic Act No. 12253, an Act Enhancing the Fiscal Regime for the Large-Scale Metallic Mining Industry. Signed into law and published on 5 September 2025, the Act introduces reforms for the taxation of large-scale metallic mining operations. The main measures include the following:
- A new interest deduction restriction is introduced specifically for interest incurred on related party debts of metallic mining contractors and operators, providing that no deductio…