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://www.ycyzqzxyh.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).
- Drug war whistleblower Royina Garma returns to PH after US detention
- Indonesian finance minister's home looted as protest anger grows
- IBP to form good governance panel
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Trump tells Europe to put economic pressure on China over Ukraine
- Taiwan: China illegally deploying oil rigs in our waters
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Pope Leo: We must listen first before speaking
- Japanese climber, 102, sets Mount Fuji record
