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.
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)., This news data comes from:http://www.gangzhifhm.com
Recto: No exemption for US tech firms from digital tax
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Go files housing development bill
- Comelec at 85: Garcia vows reforms
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- Made in China? The remarkable tale of Venice's iconic winged lion
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- No peace without end to hostilities –Arab bloc
- Gaza at 'breaking point,' says UN food agency chief after visit
- P270M rock shed useless – Marcos
- 15 drug war victims cleared to join Duterte's ICC case
