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://dcm-ckm-owf-inre.yamato-syokunin.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).
Recto: No exemption for US tech firms from digital tax
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- PH, Cambodia business execs urged to boost partnership
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Students, faculty file complaint against Universidad de Manila president
- DOJ indicts Abra Mining for fraudulent trading
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- SC orders comment on petitions vs polls
