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.
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)., This news data comes from:http://iw-lv-jfrk-bdjg.771bg.com
- US Spirit Airlines files for bankruptcy again
- Marcos signs mining tax regime law
- Mandela grandson says he will join Gaza aid boat
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Hontiveros pushes P15,000 salary hike for teachers
- Gaza at 'breaking point,' says UN food agency chief after visit
- 'God's Influencer' to become first millennial saint
- Eala ousts Day, enters Guadalajara Open final
- Marcos, first lady visit Cambodia to boost ties
- Vico Sotto could challenge VP Sara in 2028 race – survey
