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://psb.redcanaco.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.
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).
- 15 drug war victims cleared to join Duterte's ICC case
- Over 800 killed as quake rocks Afghanistan
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Marcos declares holidays for 2026
- Marcos mum on Magalong joining independent commission for DPWH probe
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Sara favors punishing officials, lifestyle checks
- Marcos willing to submit to a lifestyle check
- Gomez-Estoesta named court administrator by Supreme Court
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
