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× No more income, excise taxes on small-scale miners selling gold to BSP

MANILA, Philippines ---President Rodrigo Duterte has enacted a law exempting registered small-scale gold miners -- who would sell their gold to the Bangko Sentral ng Pilipinas (BSP) -- from paying income and excise taxes.
Duterte signed Republic Act 11256 on March 29, but a copy of which was released to the media only on Wednesday.
The new law also exempts registered small-scale miners who would…