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://nnvqra.ycyzqzxyh.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.”
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
- Quezon City hails directive for national projects to get local permits
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Rise in HFMD cases due to better reporting, not outbreak
- US Spirit Airlines files for bankruptcy again
- 1.2K pass Electrical Engineers exam
- Thailand’s next PM reaffirms fresh polls promise
- HEADLINES: 15 drug war victims cleared to join Duterte's ICC case | Sept. 7, 2025
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
- IBP forms committee on good governance to probe corruption
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
