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., This news data comes from:http://ef-nq-jlht-yf.redcanaco.com
Recto: No exemption for US tech firms from digital tax
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).
- Thai opposition's kingmaking summit fails to back new PM
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- No winner in Grand, Megalotto draws for Aug 27
- Pacifist Japan struggles to boost troops as China anxiety grows
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Van Gogh Museum 'could close' without more help from Dutch govt
- House bill seeks to regulate AI use
- Thailand’s next PM reaffirms fresh polls promise
- Two dead as strong earthquake jolts Afghanistan
- No winner in Ultra, Megalotto draws for Sept 5
