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.
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).
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://bki-vad-lplt-slyc.xs888999.com
- Japan govt seeks to triple spending on drones
- India to probe giant zoo run by son of Asia's richest person
- Comelec at 85: Garcia vows reforms
- SC orders comment on petitions vs polls
- Thousands protest in Indonesia as military deployed in capital
- China's Xi holds talks with North Korea's Kim in Beijing
- Nartatez vows to be fair in making reassignments
- Anutin elected as Thailand's new prime minister
- Recto: No exemption for US tech firms from digital tax
- Kneecap to play Paris concert in defiance of objections
