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://jyxingfa.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
- India to develop fighter jet engines with French company
- 10 DPWH execs in Bulacan relieved over ghost flood control projects
- Marcos orders lifestyle checks on all government officials amid flood control probe
- Marikina City chief of police relieved
- Motive probed for US church shooting that killed 2 children, injured 17
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Thai woman jailed for 43 years for lese majeste freed
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
- Nepal to block unregistered social media platforms – govt
