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.”, This news data comes from:http://tqn-rv-ossf-bjo.yamato-syokunin.com
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).
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- 'Large shark' kills man off Sydney beach
- Eala ousts Day, enters Guadalajara Open final
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- PH, Australia commend ‘impressive’ joint sea drills
- Tokyo protests to Beijing over gas field in East China Sea
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Magnitude 5.1 earthquake rattles Surigao del Sur
- Marcos expresses support for ‘beleaguered’ Cabinet members
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
