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://okb-wl-juc-ym.jyxingfa.com
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
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).
- Islamic State claims deadly attack on Pakistan rally
- Discaya’s construction companies competed against each other during biddings
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Marcos opens Hyundai's shipyard in PH
- Trump withdraws Kamala Harris's Secret Service protection
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- Supreme Court: It’s work as usual in judiciary
- Inoue says taunts 'missed the target' ahead of world title clash
- Trump moves to end US tariff exemption for small packages
- ChatGPT to get parental controls after teen's death
