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.052298.com
“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).
Recto: No exemption for US tech firms from digital tax
- Comelec upholds cancelation of Duterte Youth registration
- Escudero urges list of unfundable projects for 2026 budget
- DFA: No US extradition request for Quiboloy
- Argentine police recover Nazi-looted painting spotted in property ad
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- Discaya companies' licenses revoked for bid-rigging
- Marcos willing to submit to a lifestyle check
- Discaya names lawmakers in ‘extortion’
- Israel flattens high-rise as it tells Gaza City residents to flee
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
