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.
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., This news data comes from:http://gf-epnk-sod-ntno.aichuwei.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).
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- 2 Marikina policemen accused of molestation
- Hopes fading for Putin, Zelenskyy peace summit
- No peace without end to hostilities –Arab bloc
- Police officers face more charges in missing cockfight enthusiasts case
- Nartatez rules out 'quota' arrests
- North Korea's Kim in China ahead of massive military parade
- Trump moves to cut more foreign aid, risking shutdown
- Over 800 killed as quake rocks Afghanistan
- Youth group asks SC to stop postponement of SK polls, cites age-limit concerns
