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.
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).
- President Marcos commits to boosting PH digital infrastructure
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- International media protest over journalist deaths in Gaza
- ‘New NBI chief must be career official’
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- SpaceX scrubs latest Starship launch due to bad weather
- Lookout bulletins out vs Atong Ang, Barretto
- PCG seeks to expand drone use to maritime patrols, law enforcement
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
