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.
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://kvi-wu-mxsj-vxd.gyglfs.com
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).
Recto: No exemption for US tech firms from digital tax
- 'New' position being offered to Torre — Palace
- Opponents of Japan PM seek leadership contest
- South Africa's most vulnerable struggle to find HIV medication after US aid cuts
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- New Zealand to allow some wealthy foreign investors onto property market
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- More funding sought for sports commission
- Trump frustrated after thinking he made headway on Russia-Ukraine talks only to see Putin balk
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
