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://rsd-wof-ceuk-urvi.705-888.com
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- ‘Large shark’ kills man off Sydney beach
- Marcos orders full budget review for DPWH amid ghost projects scandal
- Lacson: House can't return proposed 2026 budget to Palace
- Philippine experts urge harm reduction strategy for tobacco control
- Sotto files bill to amend party-list system
- Comelec upholds cancelation of Duterte Youth registration
- China displays its weaponry in a tightly controlled military parade
- Marcos inspects rock shed project in Benguet
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
