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.”
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.052298.com
- Marcos signs laws declaring holidays across PH
- DSWD's guarantee letters now accepted in more establishments
- PCG seeks to expand drone use to maritime patrols, law enforcement
- AFP chief tells troops: Stop Chinese from entering PH ship marooned on WPS territory at all cost
- Discaya companies' licenses revoked for bid-rigging
- BuCor chief calls for major reforms
- PH to see ‘blood moon’ Sept. 7-8
- Marcos signs laws creating more court branches
- Thai woman jailed for 43 years for lese majeste freed
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
