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., This news data comes from:http://www.705-888.com
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).
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Israel tells residents to leave Gaza City ahead of offensive
- Marcos declares holidays for 2026
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- NACC renews appeal: Adopt neglected kids
- Modi, Ishiba agree to boost economic ties
- Undersea cables cut in the Red Sea, disrupting internet access in Asia and the Mideast
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- PH to see ‘blood moon’ Sept. 7-8
