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
“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, This news data comes from:http://www.erlvyiwan.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).
- US appeals court blocks Trump's use of wartime law for deportations
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- No winner in Grand, Megalotto draws for Aug 27
- Veteran Thai politician Anutin Charnvirakul wins vote in Parliament to become next prime minister
- COA launches sweeping audit of flood control projects
- Comelec to resume BARMM polls ballot printing Thursday
- Palace rejects China's 'troublemaker' tag
- Remulla pledges transparency and impartiality as Ombudsman
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- Filipino fulfills dream of performing with K-pop group before home fans
