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.”, This news data comes from:http://nv-vgys-jv-cnrb.xs888999.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).
- US halts 80% complete, huge offshore wind farm
- Pump prices increase for 2nd straight week
- Philippine experts urge harm reduction strategy for tobacco control
- North Korea's Kim Jong Un travels to Beijing to watch military parade alongside Putin, Xi Jinping
- President Marcos commits to boosting PH digital infrastructure
- Read to reduce sentence, Uzbekistan tells prisoners
- LBC Express Holdings top executive to retire in Oct.
- Tokyo logs record 10 days of 35 C or higher
- Lacson: House can't return proposed 2026 budget to Palace
- Israel military says controls 40 percent of Gaza City
