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
“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://hggbs.redcanaco.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
- 1 in 4 people lack access to safe drinking water — UN
- 'New' position being offered to Torre — Palace
- Australia halts logging for koala haven on eastern coast
- Need a pee? Japan has QR code for that
- Group presses DA on delayed fertilizer subsidies
- Marcos signs laws declaring holidays across PH
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Argentina hunts Nazi-looted painting revealed in property ad
- Marcos confers diplomatic merit award on two ambassadors
- DILG denies claims ex-PNP chief ousted over firearms purchase
