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://gyglfs.com
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).
- Vico encourages citizens on Heroes’ Day to be brave
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Go seeks more support for Filipino athletes
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Palace: Govt monitoring Chinese sleeper agents, PLA presence in PH
- Israeli defense minister warns of Gaza City's destruction unless Hamas yields to his country's terms
- Gomez-Estoesta named court administrator by Supreme Court
- PH, Australia, Canada hold maritime drills in West Philippine Sea
- Thai woman jailed for 43 years for lese majeste freed
