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., This news data comes from:http://suef-fn-qpvr-xbi.erlvyiwan.com
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).
- South Africa's most vulnerable struggle to find HIV medication after US aid cuts
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- Putin vows not to back down in Ukraine
- Trump: Many Americans ‘like a dictator’
- 13 massage therapists robbed, 2 cry rape
- Trump moves to cut more foreign aid, risking shutdown
- DILG denies allegations that PNP chief fired over firearms deal
- Israel ups pressure on Gaza City
- Pacifist Japan struggles to boost troops as China anxiety grows
