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://www.052298.com
- Maduro hits ‘illegal’ US troops deployment
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Arjo Atayde, Vice Ganda, Marian Rivera win top acting honors at 73rd FAMAS Awards
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Palace rejects China's 'troublemaker' tag
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- Go Negosyo, CFO push migrant empowerment
- Classes suspended in 10 Metro Manila cities due to rains
- House panel defers 2026 DPWH budget until agency submit changes
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
