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.
Recto: No exemption for US tech firms from digital tax
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://gyglfs.com
- House starts flood control probe
- MMDA prepares for PH hosting of FIVB
- Macron's decision to recognize Palestinian state angers Israel and the US
- Kris Aquino is alive, says friend amid reports of death
- NHA gives cash aid to families affected by calamity in Manila
- Indonesia protests put spotlight on paramilitary police force
- US appeals court blocks Trump's use of wartime law for deportations
- Indonesia leader orders investigation into driver's protest death
- Marcos, first lady visit Cambodia to boost ties
- LTO summons driver who berated enforcer
