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.”, This news data comes from:http://neru-hut-caw-yq.771bg.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).
Recto: No exemption for US tech firms from digital tax
- Customs preparing report on Discayas’ 28 luxury cars
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Indonesia leader orders investigation into driver's protest death
- 95 IMAGES OF MARY
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- Gaza at 'breaking point,' says UN food agency chief after visit
- 'Perfect storm': UK fishermen reel from octopus invasion
- Wife of Australian man wanted in police killings urges him to surrender
- China 'unstoppable', says Xi with Kim, Putin at his side
