DAVAO CITY, June 17 (PIA ) – The Bangko Sentral ng Pilipinas (BSP) Davao Region intensified its campaign for gold traders and small scale miners to sell their gold to the facility and cited the pros after the enactment into law of RA 11256 or the Tax Exemption Law. Acting Director of BSP Davao Jane Anne Gonzales, in an interview over One Davao Virtual Presser, urged gold traders and small scale miners to be aware of the said tax exemption law and directly sell their gold to the BSP instead of the black market. “ Totoo po na bago pa naaprubahan itong batas, marami sa ating mga traders ay nagbebenta sa kanilang gold sa black market dahil pinapabayad sila ng 7% tax kung sa BSP nila dadalhin ang gold. (We have to admit that gold traders and miners used to sell their gold in the black market because when they sell it to BSP, they needed to pay seven percent for the tax),” said Gonzales. However, with RA 11256 which started its implementation last year the BSP is expecting an increasing tr...