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., This news data comes from:http://bgyrg.redcanaco.com
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).
- North Korea's Kim in China ahead of massive military parade
- Marcos mum on Magalong joining independent commission for DPWH probe
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Nepal to block unregistered social media platforms – govt
- Thai opposition's kingmaking summit fails to back new PM
- Made in China? The remarkable tale of Venice's iconic winged lion
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Marcos declares holidays for 2026
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Indonesia leader orders investigation into driver's protest death
