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., This news data comes from:http://705-888.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.
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).
- Putin lands in Tianjin for summit hosted by China
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
- Fire breaks out in Manila residential area
- Fuel prices up for 3rd straight week
- Discaya’s construction companies competed against each other during biddings
- PH economic losses hit 100B from corruption in flood control projects
- Drug war whistleblower Royina Garma returns to PH after US detention
- Labubu fans flock to stores after launch of mini dolls
- Search for survivors after Afghan earthquake kills 800
- Former DPWH chief denies links to corruption
