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.”
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://www.gyglfs.com
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
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Pasig City continues barangay aid for efficiency, ends patronage politics
- 102-year-old becomes oldest person to summit Mount Fuji
- Roxas matriarch, 91
- Gaza at 'breaking point,' says UN food agency chief after visit
- New judge to handle Dengvaxia cases named; hearing set
- Marcos lauds Alex Eala’s win in Guadalajara
- Heavy rains flood parts of Metro Manila anew
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Sara Discaya admits owning 28 luxury cars
