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://hgxamqok.redcanaco.com
- Konektadong Pinoy bill lapses into law
- DILG suspends classes, gov’t work in 17 areas
- Govt preparations for WorldSkills PH hosting go 'full blast'
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- One in four people lack access to safe drinking water – UN
- SpaceX scrubs latest Starship launch due to bad weather
