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.”, This news data comes from:http://redcanaco.com
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
- DPWH told to build evacuation centers
- CBCP president urges Israel to stop military operations in Gaza
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- NHA gives cash aid to families affected by calamity in Manila
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Seoul says over 300 South Koreans held in US battery plant site raid
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Ukraine says Russia linked to lawmaker's killing
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
