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.”, This news data comes from:http://ycyzqzxyh.com
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
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- Israeli protesters call for hostage deal ahead of cabinet meeting
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Quezon City hails directive for national projects to get local permits
- PH has chance of getting UNSC seat - Manalo
- House bill seeks to regulate AI use
- Japan PM Ishiba bounces back in polls after election debacle
- North Korea test-fires two 'new' air defense missiles
- ‘New NBI chief must be career official’
- Chery Tiggo survives Creamline in cardiac five-setter in PVL Invitationals
