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.
Recto: No exemption for US tech firms from digital tax
“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.”, This news data comes from:http://kwsv-eta-yjeh-mt.jyxingfa.com
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).
- Australia expels Iran ambassador over antisemitic attacks
- Major road closures in Manila announced for 2025 Bar Examinations
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Govt monitoring Chinese ‘sleeper agents’ in PH
- Nepal to block unregistered social media platforms – govt
- Supreme Court: It’s work as usual in judiciary
- NKorea could produce ten to twenty nukes per year — SKorea leader
- President Marcos launches HD Hyundai Shipyard in Subic
