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., This news data comes from:http://gjjkdkw.ycyzqzxyh.com
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).
- Marcos soon to create commission to probe flood control projects
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Head of main US health agency abruptly dismissed
- Marcos opens WorldSkills Asean competition
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
- Lacson: DPWH exec sought ‘insertions’
- IBP forms committee on good governance to probe corruption
- Sen. Go files bills to push health, social, and labor reforms
- Sen. Bong Go files bill for better health worker protection, benefits
- Estrada, Villanueva tagged in House flood control mess, says SOP was '30%'
