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., This news data comes from:http://www.ycyzqzxyh.com
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.
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
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).
- Co out of country for medical reasons
- Customs officials, employees who aided Discayas will not be spared — Customs chief
- Nartatez relieves Fajardo as PNP spokesman
- Sen. Pangilinan Advocates for Credit-Worthy Farmers to Boost Agriculture Sector
- Laws signed on holidays, court branches
- French parliament set to eject PM in blow to Macron
- Discaya companies' licenses revoked for bid-rigging
- Mexican drug lord faces life in prison after pleading guilty in US court
- Drug war whistleblower Royina Garma returns to PH after US detention
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
