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, This news data comes from:http://gnxt-cl-epgg-spd.jyxingfa.com
“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).
- DSWD's guarantee letters now accepted in more establishments
- US strike marks shift to military action against drug cartels
- Appointments panel holds first session
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Wildfires producing 'witches' brew' of air pollution – UN
- Two foreigners face trafficking complaint in Pasay City
- Venezuela builds up border security over US warships
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Customs recovers 10 more Discaya luxury cars
