Duterte signs law on tax perks for small gold miners
(WorldNews Business)

PRESIDENT Rodrigo Dutere has signed a law exempting small-scale gold miners from paying income and excise taxes. Republic Act (RA) 11256, inked by Duterte on March 29, is expected to boost the country`s gross international reserves (GIR). It amended Sections 32 and 151 of the National Internal Revenue Code, which slaps five percent withholding taxes and two percent excise taxes on the sale of gold to the Bangko Sentral ng...