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.”, This news data comes from:http://cgkr-ksn-skca-kqo.705-888.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
- Roxas matriarch Judy Araneta-Roxas, 91
- Palace rejects China's 'troublemaker' tag
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Alice Guo faces new cases over POGO land
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
