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., This news data comes from:http://we-dush-qhm-coii.705-888.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.”
Recto: No exemption for US tech firms from digital tax
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
- Former vice president Binay, son acquitted of graft over Makati carpark controversy
- Marcos declares holidays for 2026
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Search for survivors after Afghan earthquake kills 800
- LPA affects Metro Manila, Mindanao, Visayas
- US approves .5M in assistance to Nigeria to help address hunger
- New mining law to balance profit, ecology
- MMDA inks deal with DBM for G-3 program
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
