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, This news data comes from:http://xms-ketb-ss-nlrb.gyglfs.com
“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).
- Kneecap to play Paris concert in defiance of objections
- A summit and parade in China may signal a geopolitical shift
- EU massive fine against Google draws Trump’s ire
- US strike marks shift to military action against drug cartels
- MMDA readies for FIVB men’s volleyball
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- Marcos signs law giving 99-year land lease to foreign investors
- Indonesia protests put spotlight on paramilitary police force
