02/06/2026
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The Bureau of Internal Revenue (BIR) has started collecting Quarterly Royalty from large-scale metallic mining contractors and operators under Republic Act No. 12253, otherwise known as the βEnhanced Fiscal Regime for Large-Scale Metallic Mining Act.β
βMining companies benefit from the use of the countryβs mineral resources. It is only right that the government collects what is due under the law. These royalties help ensure that the gains from mining also support public services and national development,β Commissioner Charlito Martin R. Mendoza said.
To guide compliance with this new obligation, the BIR issued Revenue Memorandum Circular (RMC) No. 58-2026, prescribing the procedures for the filing and payment of Quarterly Royalty while the dedicated return and corresponding electronic filing and payment facilities are still being finalized. Affected mining contractors and operators are required to file and pay the corresponding Quarterly Royalty within sixty (60) days after the close of each calendar or fiscal quarter. To ensure proper monitoring and compliance, the Circular likewise requires separate filing and payment for each Mineral Agreement, Financial or Technical Assistance Agreement (FTAA), and operating agreement, consistent with the ring-fencing provisions of the law.
The BIR reminds all affected large-scale metallic mining contractors and operators to comply with the prescribed filing and payment procedures and observe the applicable deadlines for the Quarterly Royalty.
Read the full text of the RMC here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2058-2026.pdf

27/05/2026
27/05/2026