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., This news data comes from:http://iyjxd.705-888.com
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).
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- P1.7-M shabu seized in Taguig buy-bust
- Private groups back DHSUD chief's anti-corruption policy
- EU massive fine against Google draws Trump’s ire
- Passenger with fake Overseas Employment Certificate barred from leaving
- WorldSkills Asean Manila begins
- Roxas matriarch, 91
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Washington makes military aid overtures to Sahel juntas
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
