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Philippines Reform of the Fiscal Regimes for Mining and Petroleum

This Technical Assistance (TA) Report on the Philippines discusses the fiscal regime for the mining sector. The Philippines has long been a producer of minerals, but the mining and petroleum sectors account for only a small share of the economy, exports, and government revenue. The petroleum sector...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Staff Country Reports
Subjects:
Natural Resource Extraction
Public Finance & Taxation
Mineral Industries
Taxes
Natural Resources
Environment
Corporations; Taxation
Non-renewable Resources
Mining Sector
Environmental Management
Economic Sectors
Corporate Income Tax
Nonrenewable Resources And Conservation: General
Income And Capital Gains Taxes
Business Taxes And Subsidies
Corporate & Business Tax
Corporate Taxation
Industry Studies: Primary Products And Construction: General
Taxation
Personal Income And Other Nonbusiness Taxes And Subsidies
Oil, Gas And Mining Taxes
Income Tax
Extractive Industries
Philippines
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Technical Assistance (TA) Report on the Philippines discusses the fiscal regime for the mining sector. The Philippines has long been a producer of minerals, but the mining and petroleum sectors account for only a small share of the economy, exports, and government revenue. The petroleum sector comprises only two fields—one producing natural gas and condensate and one producing crude oil. The TA report suggests legislative reforms of financial and technical assistance agreements (FTAAs), repealing of tax incentives and consolidating all domestic tax rules, and fostering sound environmental practices
Physical Description:57 pages
ISBN:9781475506044

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