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://ctc-aj-wfxv-enx.redcanaco.com
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Philippine experts urge harm reduction strategy for tobacco control
- Trump moves to cut more foreign aid, risking shutdown
- MMDA prepares for PH hosting of FIVB
- DICT grants amnesty to unregistered delivery firms
- PH, Australia, Canada hold joint sea drills
- Motive probed for US church shooting that killed 2 children, injured 17
- Putin threatens to target Western troops in Ukraine
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Lacson: House can't return proposed 2026 budget to Palace
