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://erlvyiwan.com
- Thousands protest in Nepal over social media ban, corruption
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Sen. Go files bills to push health, social, and labor reforms
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Sara Discaya admits owning 28 luxury cars
- US church shooter 'obsessed with idea of killing children'
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- IBP to form good governance panel
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
