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.
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://bqpy.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.”
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).
- NATO members to reach 2% defense spending goal this year
- Konektadong Pinoy bill lapses into law
- Washington makes military aid overtures to Sahel juntas
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- US agents arrest 475 in Hyundai-LG plant raid
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Hontiveros pushes P15,000 salary hike for teachers
- Protesters storm Discaya compound for second straight day
