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.
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://hjx-oe-ges-ll.gyglfs.com
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).
- Thai woman jailed for 43 years for lese majeste freed
- IBP forms committee on good governance to probe corruption
- PH to see ‘blood moon’ Sept. 7-8
- Bishops demand broad probe into flood project corruption
- Taiwan: China illegally deploying oil rigs in our waters
- Marcos inspects rock shed project in Benguet
- No winner in Ultra, Megalotto draws for Aug 29
- AKG chief denies using ‘kidnap’ car for personal purposes
- Rubio says US warned France on Israel annexation moves
- SSS rolls out historic pension reform program
