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.”, This news data comes from:http://culnhsj.ycyzqzxyh.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).
- Gloria Arroyo files bill to empower Office of the Vice President
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Cebu Pacific to launch direct flights between Cebu and Palawan
- Japan PM decides to quit as opponents seek leadership election
- National Guard troops begin carrying weapons in US capital
- New mining law to balance profit, ecology
- No winner in lotto draws for Aug 30
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
