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.”
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, This news data comes from:http://tss-nm-ml-kkr.gangzhifhm.com
- US agents arrest 475 in Hyundai-LG plant raid
- Can a giant seawall save Indonesia's disappearing coast?
- 40% of Filipinos are now obese, says Health expert
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- Modi: India, Japan to 'shape the Asian century'
- House starts flood control probe
- Israel military says controls 40 percent of Gaza City
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- China's Communist rulers push party role before World War II anniversary
- DILG to roll out nationwide unified 911 hotline on Sept. 11
