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://seg-fyrr-uh-gkxx.aichuwei.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.
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
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).
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- US church shooter 'obsessed with idea of killing children'
- Supreme Court urged to act on fake complaints
- South Korean prosecutors indict Yoon's wife, former PM
- Search for survivors after Afghan earthquake kills 800
- Marcos inspects rock shed project in Benguet
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- 'Strangest' dinosaur covered in spiked armory – scientists
