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.
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)., This news data comes from:http://rmwl-gl-hfql-ovey.771bg.com
- Duterte’s defense team outlines ICC strategy
- Searchers retrieve bodies as Afghan quake toll seen to rise
- CFO moves office from QC to Pasay
- Sarah Discaya grilled by Senate over alleged DPWH links
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Marcos confers diplomatic merit award on two ambassadors
- PH, Australia, Canada hold maritime drills in West Philippine Sea
- DOTr denies ordering shutdown of online selling platforms
- Protesters storm Discaya office in Pasig to demand accountability for 'ghost flood control projects'
- Filipino member of AHOF K-pop group says Manila concert a dream come true
