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://eig-kkxg-pr-pvts.erlvyiwan.com
- Lacson: Torre 'acted beyond his authority'
- Comelec upholds cancelation of Duterte Youth registration
- SpaceX cancels Starship megarocket launch
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Gomez-Estoesta named court administrator by Supreme Court
- Peace efforts in limbo as Kyiv mourns 23 dead
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Choose Ombudsman with integrity, intelligence, insight – Cayetano
- Konektadong Pinoy bill lapses into law
