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
“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.
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)., This news data comes from:http://www.gyglfs.com
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- Australia expels Iran ambassador over antisemitic attacks
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- Indonesian finance minister's home looted as protest anger grows
- Marcos names Dizon as DPWH secretary
- CFO moves office from QC to Pasay
- ‘40% of Filipinos obese’
- DMW: 19 distressed OFWs return home from Jeddah
- No Filipino fatalities in New York Tour-Bus crash, says DFA
- Russian drone, missile attack kills 14, injured 48 in Kyiv
