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.
“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., This news data comes from:http://aw-kt-oixk-uegj.gyglfs.com
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
- Drug war whistleblower Royina Garma returns to PH after US detention
- Legarda pushes Magna Carta of Waste Workers
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- PCG seeks to expand drone use to maritime patrols, law enforcement
- Van Gogh Museum 'could close' without more help from Dutch govt
- Tax bureau hunts down contractors over questionable flood control deals
- P1.7-M shabu seized in Taguig buy-bust
- Super Sale: Pag-IBIG offers 40% off on foreclosed assets
- NHA gives cash aid to families affected by calamity in Manila
