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)., This news data comes from:http://cvtlrqx.771bg.com
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Marcos signs laws creating more court branches
- 'Ondoy'-level rains swamp Quezon City
- Protesters storm Discaya compound, Sotto calls for calm
- 1 in 4 people lack access to safe drinking water — UN
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- North Korea test-fires two 'new' air defense missiles
- Thousands protest in Indonesia as military deployed in capital
- Discaya’s construction companies competed against each other during biddings
