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, This news data comes from:http://www.gangzhifhm.com
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).
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- Argentine police recover Nazi-looted painting spotted in property ad
- Trump hails Department of War rebrand as 'message of victory'
- Xi slams 'bullying' in speech to regional leaders at summit
- Tokyo protests to Beijing over gas field in East China Sea
- Go seeks more support for Filipino athletes
- Thai opposition holds kingmaking summit deciding new PM
- New judge to handle Dengvaxia cases named; hearing set
