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://www.xs888999.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).
Recto: No exemption for US tech firms from digital tax
- Japan govt seeks to triple spending on drones
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- Over 800 killed as quake rocks Afghanistan
- Social pension eyed for indigent seniors
- House party leaders want to return proposed 2026 budget to Executive
- IBP forms committee on good governance to probe corruption
- Washington makes military aid overtures to Sahel juntas
- US church shooter 'obsessed with idea of killing children'
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
