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://ucwp-uvcn-gjjq-cd.aichuwei.com
- 95 IMAGES OF MARY
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Can a giant seawall save Indonesia's disappearing coast?
- Workers urge Marcos to stop corruption by banning political dynasties
- Guyana votes amid oil boom, Venezuela tensions
- Dizon to order DPWH officials to submit courtesy resignation
- Anutin elected as Thailand's new prime minister
- Nartatez relieves Fajardo as PNP spokesman
- Thailand ruling party moves to dissolve parliament
- COA flags fraud in P342M Bulacan flood control projects
