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.
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://www.xs888999.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.”
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).
- Lacson: Senators not exempt from scrutiny in ghost flood control project scandal
- Supreme Court: It’s work as usual in judiciary
- Trump moves to cut more foreign aid, risking shutdown
- Australia's mushroom murderer faces victims' family in court
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Thai opposition's kingmaking summit fails to back new PM
- DPWH told to build evacuation centers
- Makati earns high rating in anti-trafficking and violence assessment
- Motorist in San Juan traffic spat faces sanction
- MPD announces road closures for Bar exams
