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://ycyzqzxyh.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).
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- LPA affects Metro Manila, Mindanao, Visayas
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- House justice panel to probe US' extradition request for Quiboloy
- No winner in lotto draws for Aug 28
- Duterte’s defense team outlines ICC strategy
- Putin and Modi in China for summit hosted by Xi
- Public Works chief to press criminal charges against Bulacan engineer
- Taylor Swift, Travis Kelce engaged
- MMDA inks deal with DBM for G-3 program
