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.”
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)., This news data comes from:http://adv-jsko-gfpf-gy.yamato-syokunin.com
- DFA: No US extradition request for Quiboloy
- Govt monitoring Chinese ‘sleeper agents’ in PH
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Afghan quake death toll surges to over 2,200
- Classes suspended in 10 Metro Manila cities due to rains
- Epstein victims compiling list of sexual abusers
- Court rules on subdivision open spaces, road lots
- Ukraine offers to co-produce drones with Philippines for maritime patrols
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Ballots for oct 13 BARMM polls completed – Comelec
