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.
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, This news data comes from:http://ohb-nar-yyud-rdt.redcanaco.com
- WorldSkills Asean Manila begins
- Supreme Court censures Marikina judge over parking dispute with PAO lawyer
- Sara Discaya admits owning 28 luxury cars
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Kilauea's eruption is back as the Hawaii volcano shoots lava for the 31st time since December
- Thai woman jailed for 43 years for lese majeste freed
- Indonesian finance minister's home looted as protest anger grows
- Venezuela builds up border security over US warships
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Signal No. 1 up in 13 areas; Isang to leave PAR as tropical storm
