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://aichuwei.com
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.
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).
- Xi and Putin round on West at regional summit in China
- Thousands protest in Indonesia as military deployed in capital
- White House fires US health agency head after she refused to quit
- North Korea's Kim Jong Un travels to Beijing to watch military parade alongside Putin, Xi Jinping
- Duterte’s defense team outlines ICC strategy
- SC clarifies rules on land ownership
- 2028 polls overseas voter registration opens in Dec
- Legarda pushes Magna Carta of Waste Workers
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- COA launches sweeping audit of flood control projects
