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://xs888999.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.”
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).
- Marcos signs law giving 99-year land lease to foreign investors
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- No winner in Ultra, Megalotto draws for Aug 29
- Nepal to block unregistered social media platforms – govt
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- China is showing off its weaponry in a tightly controlled military parade
- Bonoan freezes DPWH travel passes
- Trump: Many Americans ‘like a dictator’
- No Filipino fatalities in New York Tour-Bus crash, says DFA
- House party leaders want to return proposed 2026 budget to Executive
