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.
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
- SpaceX scrubs latest Starship launch due to bad weather
- 500 Internal Server Error
- UK, Japan, South Korea endure hottest summer on record
- Epstein victims compiling list of sexual abusers
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Sri Lanka's jailed ex-president Wickremesinghe granted bail
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- ‘40% of Filipinos obese’
- Search for survivors after Afghan earthquake kills 800
- North Korea's Kim in China ahead of massive military parade
