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.
Recto: No exemption for US tech firms from digital tax
“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.”
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://ahtbhuup.052298.com
- New judge to handle Dengvaxia cases named; hearing set
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Taylor Swift, Travis Kelce engaged
- Police officers face more charges in missing cockfight enthusiasts case
- Opponents of Japan PM seek leadership contest
- Cusi charged over Malampaya deal
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- House party leaders want to return proposed 2026 budget to Executive
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
