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.
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://vl-okg-hepk-kva.redcanaco.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.”
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).
- Makati earns high rating in anti-trafficking and violence assessment
- Pope Leo: We must listen first before speaking
- SKorea’s Lee in Tokyo to show friendship
- Eala ousts Day, enters Guadalajara Open final
- 2 Marikina policemen accused of molestation
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Taylor Swift, Travis Kelce engaged
- Sara slams govt corruption probe as a 'political zarzuela,' to meet with Robredo at Bicol festival
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Private groups back DHSUD chief's anti-corruption policy
