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., This news data comes from:http://www.erlvyiwan.com
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.”
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).
Recto: No exemption for US tech firms from digital tax
- Manila mayor warns against mobs, orders police to maintain peace and order
- Motorist in San Juan traffic spat faces sanction
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- India to probe giant zoo run by son of Asia's richest person
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- China displays its weaponry in a tightly controlled military parade
- 25 countries suspend postal services to US over tariffs – UN
- 'God's Influencer' to become first millennial saint
- Japan PM decides to quit as opponents seek leadership election
