Tax exemption on gold sales to BSP

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Republic Act No. 11256: Tax exemption on gold sales to BSP

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Title Supreme Court: Tax exemption on gold sales to BSP

Law: Republic Act No. 11256

Decision Date: Mar 29, 2019

Republic Act No. 11256 amends the National Internal Revenue Code to exempt income from the sale of gold by small-scale miners to the Bangko Sentral ng Pilipinas from taxation, while also providing tax incentives and privileges to small-scale miners.

tax code amendment

gross international reserves

gold sales

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