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.
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)., This news data comes from:http://rqggc.gyglfs.com
Recto: No exemption for US tech firms from digital tax
- US approves .5M in assistance to Nigeria to help address hunger
- Trump wants to meet Norea Korea's Kim again
- Marcos opens Hyundai's shipyard in PH
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- US agents arrest 475 in Hyundai-LG plant raid
- France seized by fears of new political crisis
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Gloria Arroyo files bill to empower Office of the Vice President
- Nartatez rules out 'quota' arrests
- PH Construction Board asked to address 'accreditation for sale' scandal