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://www.052298.com
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
- Marcos wants subpoena power for body investigating flood projects
- Open mic caught Xi, Putin discussing immortality
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Marcos signs mining tax regime law
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Trump move to cut more foreign aid risking shutdown
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Puno seeks probe of anomalous projects ‘funders’
