ANGARA TO SMALL-SCALE MINERS: SELL GOLD TO GOV’T INSTEAD OF BLACK MARKET
Reelectionist Senator Sonny Angara is appealing to small-scale miners to help build the country’s foreign exchange buffer by selling their gold haul directly to the government instead of the black market.
Angara said that small-scale miners could soon avail of tax exemptions if they sell their gold to the Bangko Sentral ng Pilipinas (BSP) with the impending enactment of the so-called “Gold Bill,” which he authored and sponsored as chair of the Senate Committee on Ways and Means.