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://erlvyiwan.com
Recto: No exemption for US tech firms from digital tax
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
- Thailand acting PM moves to dissolve parliament — party
- Marcos suspends importation of regular, well-milled rice for 60 days
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- MMDA inks deal with DBM for G-3 program
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- India's Modi meets Japan's Ishiba as he begins Asia tour
