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.”
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://qhdvys.aichuwei.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).
- Israeli protesters demand hostage deal as cabinet meets
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- PNP chief supports lowering age of discernment
- Fire breaks out in Manila residential area
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Oil firms to hike pump prices Tuesday
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- US appeals court blocks Trump's use of wartime law for deportations
- Russian drone, missile attack kills 14, injured 48 in Kyiv
