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).
Recto: No exemption for US tech firms from digital tax, This news data comes from:http://ooxr-ool-vrfp-nf.gangzhifhm.com
- Australia's mushroom murderer faces victims' family in court
- 2 Marikina policemen accused of molestation
- 1 in 4 people lack access to safe drinking water — UN
- Israel tells residents to leave Gaza City ahead of offensive
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Pump prices go up
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Comelec at 85: Garcia vows reforms
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
