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://052298.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.
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.”
Recto: No exemption for US tech firms from digital tax
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
- BuCor chief calls for major reforms
- Public Works chief to press criminal charges against Bulacan engineer
- US approves .5M in assistance to Nigeria to help address hunger
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Follow the trucks: Why investors are looking south of Metro Manila
- India walks back order to clear Delhi of stray dogs
- 95 IMAGES OF MARY
- Hontiveros urges probe on Chinese faking Filipino identity
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Wife and ally of ousted SKorean president indicted by special prosecutors
