Authorities eye more refinements in BSP's gold buying policies
MANILA - Exempting small-scale miners from paying income and excise taxes resulted in around 1,000 percent jump in Bangko Sentral ng Pilipinas' (BSP) gold purchases in 2020 and more refinements are still in the pipeline to support this. In a virtual briefing on Friday, BSP Mint and Refinery Operations Department Director Joseph Norbert S. David said Republic Act (RA) 11256, or the amendment in the National Internal Revenue Code, which was signed into law on March 29, 2019 "has a positiv...
Davao City Joseph Norberts David Bangko Sentral National Internal Revenue Code Refinery Operations Department Republic Act
Source: philippinetimes.com