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://yamato-syokunin.com
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Gloria Arroyo files bill to empower Office of the Vice President
- South Korea to ban mobile phones in school classrooms
- Comelec defers BARMM district reconstitution
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Bersamin letter proves Torre reassignments ‘valid’
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- SC acquits suspect in 2012 killing of Dutch aid worker over doubtful testimonies
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- Motive probed for US shooting that killed two children, injured 17
