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.”
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://erlvyiwan.com
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- EU massive fine against Google draws Trump threat
- 'Pink and green' protests call for a reset in Indonesia
- Vico Sotto's viral post sparks ethics debate, elicits response from journalists
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- IBP to form good governance panel
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
