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., This news data comes from:http://ycyzqzxyh.com
Recto: No exemption for US tech firms from digital tax
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).
- Supreme Court: It’s work as usual in judiciary
- Israel city honors Quezon’s wartime rescue of Jews
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- Konektadong Pinoy Bill has lapsed into law — Palace
- Appointments panel holds first session
- Ukraine says Russia linked to lawmaker's killing
- Gomez-Estoesta named court administrator by Supreme Court
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- India's Modi meets Japan's Ishiba as he begins Asia tour
