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://ieygmd.gyglfs.com
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
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- Sen. Hontiveros pushes for Philippine Geriatric Center to aid seniors
- New DPWH chief Dizon: "A department can't investigate itself"
- Mexican senators come to blows after heated debate
- Kanlaon Volcano spews ash
- Portugal mourns after Lisbon streetcar accident kills 15
- Asian voices needed to 'shape agenda' - AVPN chief
- Leviste files charges against DPWH engineer who tried to bribe him
- Wife of Australian man wanted in police killings urges him to surrender
- Wildfire tears through California gold rush town
