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.
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)., This news data comes from:http://aichuwei.com
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Israel says to act with 'great force' in Gaza City
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- China displays its weaponry in a tightly controlled military parade
- EU massive fine against Google draws Trump threat
- US strike marks shift to military action against drug cartels
- China's Communist rulers push party role before World War II anniversary
- Lacson: Daughter of former DPWH secretary Manuel Bonoan co-owns construction firm
