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://redcanaco.com
“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).
- DOH unveils 7 priority measures at House hearing
- CFO moves office from QC to Pasay
- No peace without end to hostilities –Arab bloc
- Trump health misinformation swirls despite denial
- Marcos Jr. to reveal members of independent commission for flood project probe
- Comelec to resume BARMM polls ballot printing Thursday
- Xi and Putin round on West at regional summit in China
- Search for survivors after Afghan earthquake kills 800
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- A summit and parade in China may signal a geopolitical shift
