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://ufldrb.jyxingfa.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).
- IBP forms committee on good governance to probe corruption
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Public Works chief to press criminal charges against Bulacan engineer
- SpaceX cancels Starship megarocket launch
- Discaya says her family owns nine companies
- Putin meets Kim, praises North Korean troops in Russia
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
- Malabon averts crisis with garbage deal
