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.”, This news data comes from:http://uxlj-lp-gpb-th.gyglfs.com
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).
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- 20 people missing after deadly Indonesia protests
- South Africa's most vulnerable struggle to find HIV medication after US aid cuts
- EU massive fine against Google draws Trump threat
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- 'I have no resentment,' says Torre after dismissal as PNP chief
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- PH eyes global partners in biggest railway project
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Mexican drug lord faces life in prison after pleading guilty in US court
