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.
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
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://it.erlvyiwan.com
- Firefighters arrested by US immigration officials
- Afghan quake death toll surges to over 2,200
- Malaysia warns TikTok vs cyberbullying, deepfakes
- DOJ indicts Abra Mining for fraudulent trading
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- Read to reduce sentence, Uzbekistan tells prisoners
- IBP forms committee on good governance to probe corruption
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Mexican boxer Chavez Jr. released from prison pending trial
- Pope declares 'God's influencer' first millennial saint
