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://eljnob.gangzhifhm.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
- Napoles guilty in another 'pork barrel' case, sentenced to 55 years in jail
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Putin threatens to target Western troops in Ukraine
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Trump wants to meet Norea Korea's Kim again
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- National Guard troops begin carrying weapons in US capital
- PH has chance of getting UNSC seat - Manalo
