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.
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.”, This news data comes from:http://aichuwei.com
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).
- North Korea's Kim in China ahead of massive military parade
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Comelec probes 15 govt contractors over 2022 election donations
- No winner in lotto draws for Aug 30
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- House bill seeks to regulate AI use
- Motive probed for US shooting that killed two children, injured 17
- ‘God’s Influencer’ to become first millennial saint
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
