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://www.705-888.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.”
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).
Recto: No exemption for US tech firms from digital tax
- Need to pee? Japan has QR code for that
- President Marcos Jr. visits Cambodia to strengthen ties
- DPWH Secretary Dizon vows to slash 'staggering' P268B flood control budget
- Court rules on subdivision open spaces, road lots
- Mexican boxer Chavez Jr. released from prison pending trial
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- 'Ondoy'-level rains swamp Quezon City
- President Marcos commits to boosting PH digital infrastructure
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Russia hits seat of Ukraine government in war's biggest air attack
