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., This news data comes from:http://yamato-syokunin.com
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).
- Rubio says US warned France on Israel annexation moves
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Unnamed skeletons? US museum at center of ethical debate
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Labubu fans flock to stores after launch of mini dolls
- Open mic caught Xi, Putin discussing immortality
- Taylor Swift, Travis Kelce engaged
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- No peace without end to hostilities –Arab bloc
