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.
Recto: No exemption for US tech firms from digital tax
“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).
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://wpwcpid.erlvyiwan.com
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Tokyo protests to Beijing over gas field in East China Sea
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- Israel flattens high-rise as it tells Gaza City residents to flee
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Philippines calls for Gaza ceasefire amid humanitarian crisis
- US strike marks shift to military action against drug cartels
- Protesters storm Discaya compound, Sotto calls for calm
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
