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, This news data comes from:http://dnhy-aclk-hec-vcr.aichuwei.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).
- Plea written in blood saves Chinese woman trapped in locked room
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Former PNP chief Torre III offered new government post
- Xi slams 'bullying' in speech to regional leaders at summit
- UK, Japan, South Korea endure hottest summer on record
- House panel defers 2026 DPWH budget until agency submits changes
- Earthquake kills 250, injures 500 in Afghanistan
- Comelec upholds cancelation of Duterte Youth registration
- Opponents of Japan PM seek leadership contest
