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., This news data comes from:http://www.ycyzqzxyh.com
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.”
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).
- Drones take on Everest's garbage
- Thailand ruling party moves to dissolve parliament
- Trump: Many Americans ‘like a dictator’
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- ₱1.7M shabu seized in Taguig buy-bust
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Malabon City honors partners
- SC orders comment on petitions vs polls
- Isko files raps over demolition of sports complex
