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.
Recto: No exemption for US tech firms from digital tax
“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.”
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://njhuul.erlvyiwan.com
- PNP chief Torre relieved, Nartatez to take over
- 'Strangest' dinosaur covered in spiked armory — Scientists
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Nartatez vows to be fair in making reassignments
- UK, Japan, South Korea endure hottest summer on record
- Marcos to create independent commission to investigate flood control anomalies
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Boy killed, mother injured in Pasig fire
