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.
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).
- Thai woman jailed for 43 years for lese majeste freed
- Marcos declares holidays for 2026
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Two dead as strong earthquake jolts Afghanistan
- Fears of new political crisis grip France
- Tourists dice with danger on Hanoi's train street
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
