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://www.052298.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.”
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).
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- Argentina hunts Nazi-looted painting revealed in property ad
- Workers urge Marcos to stop corruption by banning political dynasties
- India to develop fighter jet engines with French company
- PH, Australia, Canada hold joint sea drills
- Discaya companies' licenses revoked for bid-rigging
- 'Perfect storm': UK fishermen reel from octopus invasion
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
