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.
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)., This news data comes from:http://771bg.com
Recto: No exemption for US tech firms from digital tax
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Pump prices increase for 2nd straight week
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Seoul says over 300 South Koreans held in US battery plant site raid
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- Support grows for independent probe into flood control projects
- LTO summons driver who berated enforcer
