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://ibn-nat-hjl-dmfd.gyglfs.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
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Puno seeks probe of anomalous projects ‘funders’
- Drug war whistleblower Royina Garma returns to PH after US detention
- Cusi charged over Malampaya deal
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Marcos Jr. to reveal members of independent commission for flood project probe
- ‘40% of Filipinos obese’
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Ballots for oct 13 BARMM polls completed – Comelec
