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.
Recto: No exemption for US tech firms from digital tax
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://qcnkeyh.erlvyiwan.com
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
- PNP chief leads fun run
- Thai cannabis-championing tycoon takes office as PM
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Mexican drug lord faces life in prison after pleading guilty in US court
- New judge to handle Dengvaxia cases named; hearing set
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Police officers face more charges in missing cockfight enthusiasts case
- Mexican boxer Chavez Jr. released from prison pending trial
- ChatGPT to get parental controls after teen's death
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
