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://goi-fo-bb-sdkb.gyglfs.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).
- WBO champ looms as Pacquiao’s next opponent
- China displays its weaponry in a tightly controlled military parade
- Comelec at 85: Garcia vows reforms
- PH to host seafarers’ welfare forum
- Australia's mushroom murderer faces victims' family in court
- House party leaders want to return proposed 2026 budget to Executive
- Marcos to create independent commission to investigate flood control anomalies
- Nartatez vows fair assignments, better resource management as new PNP chief
- Prince Harry to visit UK on anniversary of queen's death
- China is showing off its weaponry in a tightly controlled military parade
