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, This news data comes from:http://771bg.com
“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.”
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).
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Marcos opens WorldSkills Asean competition
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- IBP forms committee on good governance to probe corruption
- Comelec probes 15 govt contractors over 2022 election donations
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Israel military says controls 40 percent of Gaza City
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
