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://www.redcanaco.com
Recto: No exemption for US tech firms from digital tax
- Philippine experts urge harm reduction strategy for tobacco control
- House bill seeks to regulate AI use
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- 15 companies vie for 'Sustainability Champions' award
- Trump escalates crackdown threats with Chicago 'war' warning
- Classes suspended in 10 Metro Manila cities due to rains
- 'Perfect storm': UK fishermen reel from octopus invasion
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Japan pledges continued support for Philippine development projects
