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.
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://www.xs888999.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).
- Kilauea's eruption is back as the Hawaii volcano shoots lava for the 31st time since December
- Pasig fire kills child, injures mother as she tries to save him
- Immigration deports 49 South Korean fugitives
- Marcos opens WorldSkills Asean competition
- Classes suspended in 10 Metro Manila cities due to rains
- Govt preparations for WorldSkills PH hosting go 'full blast'
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- National Guard troops begin carrying weapons in US capital
- Sara Discaya admits owning 28 luxury cars
- Taylor Swift, Travis Kelce engaged
