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://jyxingfa.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).
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- GoTyme gives customers 20 free InstaPay transfers per month
- Gasoline, diesel prices to increase again next week
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Malaysia warns TikTok vs cyberbullying, deepfakes
- Over 800 killed as quake rocks Afghanistan
- SSS rolls out historic pension reform program
- Cebu Pacific to launch direct flights between Cebu and Palawan
- ERC amends net-metering rules to expand renewable energy options
- Pasig fire kills child, injures mother as she tries to save him
