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.”
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://kcdtfqqa.xs888999.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).
- Public Works chief to press criminal charges against Bulacan engineer
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- Thailand acting PM moves to dissolve parliament — party
- Japan govt seeks to triple spending on drones
- Manila marks National Heroes Day with job fair
- China displays its weaponry in a tightly controlled military parade
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Prince Harry to visit UK on anniversary of queen's death
- GoTyme gives customers 20 free InstaPay transfers per month
- One in four people lack access to safe drinking water – UN
