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://blvyseu.gangzhifhm.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
- Marcos willing to submit to a lifestyle check
- US strike marks shift to military action against drug cartels
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Hope dwindles for survivors days after deadly Afghan quake
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Thai cannabis-championing tycoon takes office as PM
- Filipino fulfills dream of performing with K-pop group before home fans
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
