New law gives small-scale miners who sell gold to BSP tax incentives, other perks 0 SHARES Share it! Share TweetBy Genalyn KabilingSmall-scale miners who sell gold to the Bangko Sentral ng Pilipinas (BSP) will now enjoy tax incentives and other privileges under a new law signed recently by President Duterte. Under the new law, registered small-scale miners will be exempted from paying income and excise taxes when they sell their gold to the BSP. “(1) The sale of gold to the Bangko Sentral ng Pilipinas by registered small miners as defined under Republic Act No. 6938, as amended, and the applicable laws, the sale of gold by registered small-scale miners, as defined under Republic Act No.

Source: Manila Bulletin May 22, 2019 08:25 UTC