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.”, This news data comes from:http://tirh-rtmh-yp-gin.705-888.com
Recto: No exemption for US tech firms from digital tax
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).
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Lookout bulletins out vs Atong Ang, Barretto
- Thailand acting PM moves to dissolve parliament — party
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Philippines to launch shame campaign vs traffic violators
- PH eyes global partners in biggest railway project
- 20 people missing after deadly Indonesia protests
- Globe: Mobile data helps drive national progress
