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.
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.yamato-syokunin.com
- Sarah Discaya grilled by Senate over alleged DPWH links
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- Wildfires producing 'witches' brew' of air pollution – UN
- 9 dead in Ecuador after bus plunges into ravine
- Thailand's Parliament to vote Friday for a new prime minister
- Australia government condemns anti-immigration rally in Sydney
- Xi meets Modi as China and India seek to rebuild ties
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
- Vietnam marks 80th independence anniversary with huge parade
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
