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., This news data comes from:http://wcy.erlvyiwan.com
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).
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- SC clarifies rules on land ownership
- Wife of Australian man wanted in police killings urges him to surrender
- 1 in 4 people lack access to safe drinking water — UN
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- Thailand's Parliament to vote Friday for a new prime minister
- P270M rock shed useless – Marcos
- Comelec defers BARMM district reconstitution
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
