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., This news data comes from:http://qaytlc.erlvyiwan.com
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).
- Chinese bridge collapse kills at least 12 construction workers
- Lookout bulletins out vs Atong Ang, Barretto
- South Korean prosecutors indict Yoon's wife, former PM
- Bersamin letter proves Torre reassignments ‘valid’
- Afghan quake death toll surges to over 2,200
- Marcos orders lifestyle checks on all government officials amid flood control probe
- Konektadong Pinoy Bill has lapsed into law — Palace
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- 'Lannie' exits PH — Pagasa
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
