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., This news data comes from:http://sw-huc-fwkf-lkh.yamato-syokunin.com
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).
Recto: No exemption for US tech firms from digital tax
- Marikina City chief of police relieved
- Pacifist Japan struggles to boost troops as China anxiety grows
- Marcos to create independent commission to investigate flood control anomalies
- Hope dwindles for survivors days after deadly Afghan quake
- Arjo Atayde, Vice Ganda, Marian Rivera win top acting honors at 73rd FAMAS Awards
- Immigration deports 49 South Korean fugitives
- 20 people missing after deadly Indonesia protests
- Escudero says new lease law to make PH more appealing to investors
- China races to build world’s largest solar farm
- Chinese bridge collapse kills at least 12 construction workers
