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
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)., This news data comes from:http://fcoacv.yamato-syokunin.com
Recto: No exemption for US tech firms from digital tax
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- 500 Internal Server Error
- Marcos names Dizon as DPWH secretary
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- DOTr denies ordering shutdown of online selling platforms
- Harold Cabreros takes post as new OCD chief
- Australia government condemns anti-immigration rally in Sydney
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
