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.
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://cyubteu.erlvyiwan.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
- Marcos, first lady visit Cambodia to boost ties
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Red Cross head says mass evacuation of Gaza City 'impossible'
- China to bolster non-Western alliances at summit, parade
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- House panel defers 2026 DPWH budget until agency submit changes
- Portugal mourns after Lisbon streetcar accident kills 15
- President asks governor to expose irregularities in govt projects
- Can a giant seawall save Indonesia's disappearing coast?
