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, This news data comes from:http://www.jyxingfa.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.
Recto: No exemption for US tech firms from digital tax
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).
- Pope Leo: We must listen first before speaking
- Comelec: Postponed village, youth elections not in 2026 budget
- Makati distributes Blu Card cash aid
- Manila mayor warns against mobs, orders police to maintain peace and order
- Sara Discaya admits owning 28 luxury cars
- Konektadong Pinoy bill lapses into law
- 10 DPWH execs in Bulacan relieved over ghost flood control projects
- ‘God’s Influencer’ to become first millennial saint
- PH economic losses hit 100B from corruption in flood control projects
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
