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://xweg-fco-rqk-lwvc.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.”
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
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Nartatez vows fair assignments, better resource management as new PNP chief
- Magnitude 5.1 earthquake rattles Surigao del Sur
- Classes suspended in 10 Metro Manila cities due to rains
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Trump rebrands Department of Defense as 'Department of War'
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
