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.yamato-syokunin.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).
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Former DPWH chief denies links to corruption
- Zelenskyy meets European leaders on Ukraine security guarantees
- Trump withdraws Kamala Harris's Secret Service protection
- Harold Cabreros takes post as new OCD chief
- Wife and ally of ousted SKorean president indicted by special prosecutors
- Sen. Hontiveros pushes for Philippine Geriatric Center to aid seniors
- DPWH to revisit budget, to complete revisions within 2 weeks
