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://yfa-umib-di-rxa.redcanaco.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).
- Pump prices go up
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Afghanistan earthquake kills more than 800
- Veteran Thai politician Anutin Charnvirakul wins vote in Parliament to become next prime minister
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- N. Korea test-fires two 'new' air defense missiles
- One in four people lack access to safe drinking water – UN
- Go Negosyo, CFO push migrant empowerment
- Konektadong Pinoy Bill has lapsed into law — Palace
- Former Bulacan district engineer admits going to casinos
