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, This news data comes from:http://bfs-phcs-gk-rsd.gangzhifhm.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).
- Inoue says taunts 'missed the target' ahead of world title clash
- SSS pension reform program starts in September
- Palace suspends govt work, classes in several areas due to bad weather
- Thailand ruling party moves to dissolve parliament
- 2 Marikina policemen accused of molestation
- Taiwan: China illegally deploying oil rigs in its waters
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- ICC wants Garma to testify in Duterte case
- PNP chief Torre relieved, Nartatez to take over
- UK, Japan, South Korea endure hottest summer on record
