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VAT latest

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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The UAE, along with Saudi Arabia, was the first in the GCC region to impose a 5 per cent VAT on good and services.
May 31st, 2019 - 06:54 GMT

5 Percent Increase in UAE Government Revenue Since VAT Implementation

The risk of a VAT increase is that it could set this recovery back even before it properly gets started.
May 18th, 2019 - 08:00 GMT

How Will an Increase in VAT Affect the Saudi Economy?

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