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.”
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://qqqhbe.redcanaco.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).
- Follow the trucks: Why investors are looking south of Metro Manila
- India will not 'bow down,' trade minister says after US tariffs
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Public Works chief to press criminal charges against Bulacan engineer
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Ukraine offers to co-produce drones with Philippines for maritime patrols
- Marcos confers diplomatic merit award on two ambassadors
- DICT grants amnesty to unregistered delivery firms
