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, This news data comes from:http://enr.052298.com
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
- Former DPWH chief denies links to corruption
- Marcos orders full budget review for DPWH amid ghost projects scandal
- Inoue says taunts 'missed the target' ahead of world title clash
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Marcos willing to submit to a lifestyle check
- Pope declares 'God's influencer' first millennial saint
- Police brutality fuels soaring tensions in Indonesia
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Marcos embarks on three-day state visit to Cambodia
- 2 LPAs monitored inside PAR, bringing rain to Luzon
