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.”
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://www.xs888999.com
Recto: No exemption for US tech firms from digital tax
- Two dead as strong earthquake jolts Afghanistan
- Escudero urges list of unfundable projects for 2026 budget
- Palace rejects China's 'troublemaker' tag
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- Customs preparing report on Discayas’ 28 luxury cars
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Israeli forces seize nearly 0,000 in West Bank raid
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Marcos signs laws creating more court branches
- Woman accused of murdering her children faces New Zealand trial
