BIR Revenue District Office 53B - Muntinlupa City

Circularizing the full text of Republic Act No. 12316, "An Act Authorizing the President to Suspend or Reduce Excise Tax on Petroleum Products, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended"

Full Text: https://tinyurl.com/mr2b8pne

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⛏️ Large-scale mining? New rules apply 💥

BIR now collecting quarterly royalties from large-scale mining ops 💰

📌 File & pay within 60 days
📌 Separate reporting per project
📌 New guidelines in place

Fair share for national development

𝗣𝗥𝗘𝗦𝗦 𝗥𝗘𝗟𝗘𝗔𝗦𝗘
𝗕𝗜𝗥 𝗡𝗢𝗪 𝗖𝗢𝗟𝗟𝗘𝗖𝗧𝗦 𝗥𝗢𝗬𝗔𝗟𝗧𝗬 𝗙𝗥𝗢𝗠 𝗟𝗔𝗥𝗚𝗘-𝗦𝗖𝗔𝗟𝗘 𝗠𝗘𝗧𝗔𝗟𝗟𝗜𝗖 𝗠𝗜𝗡𝗜𝗡𝗚 𝗢𝗣𝗘𝗥𝗔𝗧𝗜𝗢𝗡𝗦, 𝗜𝗦𝗦𝗨𝗘𝗦 𝗡𝗘𝗪 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦

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 “Enhanced Fiscal Regime for Large-Scale Metallic Mining Act.”

“Mining companies benefit from the use of the country’s 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,” 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

New Revenue Issuances for the Week