MANILA, Philippines — Finance Secretary Ralph Recto said the government has neither discussed nor considered granting exemptions for United States technology firms from the Philippines’ newly implemented digital services tax, despite threats of retaliatory tariffs from President Donald Trump.
“We don’t even know how serious they are on any of that. There have been no communications to us. So there’s nothing to communicate,” Recto told reporters on the sidelines of the Senate hearingon Tuesday, stressing that exemptions for American companies are not yet on the table.
Recto: No exemption for US tech firms from digital tax
Trump recently warned that countries imposing digital taxes on US technology firms would face “substantial additional tariffs” on exports to the US, along with possible export restrictions on “highly protected technology and chips.”, This news data comes from:http://705-888.com
The Philippines began enforcing its digital tax law in June, which subjects nonresident digital service providers such as Netflix, Amazon, and Google to the country’s 12-percent value-added tax (VAT).
Recto: No exemption for US tech firms from digital tax
- No winner in lotto draws for Aug 28
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- DILG suspends classes, gov’t work in 17 areas
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- Marcos names Dizon as DPWH secretary
- Matcha madness leaves Japan's tea ceremony pros skeptical
- Kneecap to play Paris concert in defiance of objections
- Marcos to create independent commission to investigate flood control anomalies
