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://voxw-wurs-nq-biv.xs888999.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.
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).
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- UN: Rising heat 'severely' impacting workers' health
- Nartatez vows to be fair in making reassignments
- House tackles P881B public works budget amid flood control anomalies
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- President Marcos launches HD Hyundai Shipyard in Subic
- Major road closures in Manila announced for 2025 Bar Examinations
- WBO champ looms as Pacquiao’s next opponent
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- 4 policemen linked to sabungero case slapped with more administrative cases
