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
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)., This news data comes from:http://vbn-aimb-ek-nes.redcanaco.com
Recto: No exemption for US tech firms from digital tax
- India will not 'bow down,' trade minister says after US tariffs
- PNP chief supports lowering age of discernment
- National Guard troops begin carrying weapons in US capital
- Public Works chief to press criminal charges against Bulacan engineer
- Zelenskyy meets European leaders on Ukraine security guarantees
- Police officers face more charges in missing cockfight enthusiasts case
- Manila marks National Heroes Day with job fair
- Nartatez vows fair assignments, better resource management as new PNP chief
- Putin threatens to target Western troops in Ukraine
- Pump prices go up
