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.ycyzqzxyh.com
- BuCor chief calls for major reforms
- Budget shortfall narrows in July
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- In Taiwan, competing narratives over the meaning of China's massive military show
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Lookout bulletins out vs Atong Ang, Barretto
- Sotto files bill to amend party-list system
- House tackles P881B public works budget amid flood control anomalies
- Pasig fire kills child, injures mother as she tries to save him
- VP Sara lauds Filipino heroes
