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.
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://www.052298.com
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).
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Escudero urges list of unfundable projects for 2026 budget
- No winner in lotto draws for Aug 30
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- 102-year-old becomes oldest person to summit Mount Fuji
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Israel city honors Quezon’s wartime rescue of Jews
- ‘New NBI chief must be career official’
