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.
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://qk.gyglfs.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
- MMDA inks deal with DBM for G-3 program
- Israel tells residents to leave Gaza City ahead of offensive
- House holds budget review with 21 civil society organizations
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- 'Large shark' kills man off Sydney beach
- 40% of Filipinos are now obese, says Health expert
- Thai woman jailed for 43 years for lese majeste freed
- Protesters storm Discaya office in Pasig to demand accountability for 'ghost flood control projects'
