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.”
Recto: No exemption for US tech firms from digital tax
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)., This news data comes from:http://www.jyxingfa.com
- Unnamed skeletons? US museum at center of ethical debate
- PNP chief Torre relieved, Nartatez to take over
- Taiwan: China illegally deploying oil rigs in our waters
- Brawner tells troops: Stop Chinese from entering Sierra Madre at all cost
- PH to host seafarers’ welfare forum
- 1.2K pass Electrical Engineers exam
- MMDA inks deal with DBM for G-3 program
- Hontiveros urges probe on Chinese faking Filipino identity
- Putin threatens to target Western troops in Ukraine
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
