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
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)., This news data comes from:http://aqt.ycyzqzxyh.com
Recto: No exemption for US tech firms from digital tax
- White House fires US health agency head after she refused to quit
- Immigration deports 49 South Korean fugitives
- More funding sought for sports commission
- 'New' position being offered to Torre — Palace
- Former DPWH chief denies links to corruption
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Anutin elected as Thailand's new prime minister
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- ‘Large shark’ kills man off Sydney beach
