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
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://www.aichuwei.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).
Recto: No exemption for US tech firms from digital tax
- Ballots for oct 13 BARMM polls completed – Comelec
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Marcos 'ready' to undergo lifestyle check- Palace
- Escudero urges list of unfundable projects for 2026 budget
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Dizon to order DPWH officials to submit courtesy resignation
- Group presses DA on delayed fertilizer subsidies
- ‘New NBI chief must be career official’
