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.
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.”, This news data comes from:http://nuknte.052298.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).
- Trump says he'll keep extending TikTok shutdown deadline
- Comelec defers reconstitution of BARMM parliamentary districts
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- International media protest over journalist deaths in Gaza
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- SSS rolls out historic pension reform program
- Discaya’s construction companies competed against each other during biddings
- India will not 'bow down,' trade minister says after US tariffs
