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://jm-plpy-kgsb-yqjk.aichuwei.com
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- ERC amends net-metering rules to expand renewable energy options
- DPWH exec fired, 2 others face dismissal over flood control mess
- Israeli strikes in Yemen's capital kill six, Houthis say
- Major road closures in Manila announced for 2025 Bar Examinations
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Lookout bulletins out vs Atong Ang, Barretto
- Kilauea's eruption is back as the Hawaii volcano shoots lava for the 31st time since December
- Xi slams 'bullying' in speech to regional leaders at summit
- LPA east of Surigao del Sur may intensify into tropical depression
