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Meta faces around $1B tax demand from Italy
December 10th, 2024 - 06:55 GMT
Reema Tuqan

Reema Tuqan

Meta faces around $1B tax demand from Italy

ALBAWABA – Meta, the American multinational technology company that owns and operates Facebook, Instagram, Threads, and WhatsApp, is facing a $938 million value-added tax (VAT) on estimated revenues generated in Italy between 2015 and 2021. Meta to pay $938M VAT A Milan prosecutor stated yesterday that Meta owes more than $938 million (887 million euros) value-added tax (VAT) on estimated revenues generated in Italy between 2015 and 2021. According to ...
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Businesses in Saudi Arabia to pay due taxes or face major fines
August 27th, 2023 - 09:19 GMT

Businesses in Saudi Arabia to pay due taxes or face major fines

UAE to Levy 9 Percent Corporate Tax on Business Profits from June 2023
January 31st, 2022 - 01:05 GMT

UAE to Levy 9 Percent Corporate Tax on Business Profits from June 2023

Bahrain Plans to Double VAT Amid Economic Rebound
September 26th, 2021 - 01:00 GMT

Bahrain Plans to Double VAT Amid Economic Rebound

Can VAT Cuts Help The Post-Pandemic Economy?
April 28th, 2021 - 12:00 GMT

Can VAT Cuts Help The Post-Pandemic Economy?

Saudi Arabia: No Plans for Income Tax, VAT Increase Is Temporary
April 28th, 2021 - 10:00 GMT

Saudi Arabia: No Plans for Income Tax, VAT Increase Is Temporary

Oman to Implement 5 Percent VAT Starting April 16
March 14th, 2021 - 02:00 GMT

Oman to Implement 5 Percent VAT Starting April 16

Oman Exempts Vital Sectors from VAT
October 19th, 2020 - 06:30 GMT

Oman Exempts Vital Sectors from VAT

"VAT-Free Special Offers" Do Not Exist in UAE
October 18th, 2020 - 09:00 GMT

"VAT-Free Special Offers" Do Not Exist in UAE

Oman Soon to Impose VAT to Shore Up Finances
October 13th, 2020 - 08:00 GMT

Oman Soon to Impose VAT to Shore Up Finances

Oman: VAT and Income Tax Law Amendment Under Microscope
July 20th, 2020 - 01:30 GMT

Oman: VAT and Income Tax Law Amendment Under Microscope

Saudi Arabia: Gold Remains a Safe Haven Despite VAT Raise
July 12th, 2020 - 09:30 GMT

Saudi Arabia: Gold Remains a Safe Haven Despite VAT Raise

Saudi Arabia: Cost of Living Set to Soar Due to New VAT Rate
July 1st, 2020 - 08:30 GMT

Saudi Arabia: Cost of Living Set to Soar Due to New VAT Rate

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