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., This news data comes from:http://ig-yd-nx-xj.771bg.com
“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.”
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
- Makati earns high rating in anti-trafficking and violence assessment
- Trump withdraws Kamala Harris's Secret Service protection
- NATO members to reach 2% defense spending goal this year
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
- No winner in lotto draws for Aug 30
- Lacson warns lawmakers may be complicit in ghost flood control projects
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Thailand acting PM moves to dissolve parliament — party
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
