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., This news data comes from:http://gangzhifhm.com
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.”
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).
- Bonoan freezes DPWH travel passes
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- COA launches sweeping audit of flood control projects
- Workers urge Marcos to stop corruption by banning political dynasties
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Tourists dice with danger on Hanoi's train street
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
