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.”
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://duqr-nmwi-cb-hw.gyglfs.com
Recto: No exemption for US tech firms from digital tax
- Marcos signs laws creating more court branches
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- SC acquits suspect in 2012 killing of Dutch aid worker over doubtful testimonies
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Over 800 killed as quake rocks Afghanistan
- Seoul says over 300 South Koreans held in US battery plant site raid
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
