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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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UAE: VAT Contributes to 2.2 Percent Budget Surplus in 2018
December 11th, 2019 - 09:45 GMT

UAE: VAT Contributes to 2.2 Percent Budget Surplus in 2018

Report: Bahrain Ranks First Globally in Terms of Ease in Paying Taxes
November 27th, 2019 - 07:00 GMT

Report: Bahrain Ranks First Globally in Terms of Ease in Paying Taxes

What Businesses in UAE Should Know About VAT Litigation
November 11th, 2019 - 08:13 GMT

UAE: What Businesses Should Know About VAT Litigation

Saudi Arabia: Non-Oil Economy Witnesses Fastest Growth in 4 Years
November 7th, 2019 - 07:00 GMT

Saudi Arabia: Non-Oil Economy Witnesses Fastest Growth in 4 Years

Income tax exemptions decreased by 20 percent compared with last year.
October 27th, 2019 - 07:30 GMT

Morocco’s Tax Exemptions Down 3 Percent, Total $3 Billion in 2019

The city continues to welcome an increased number of Chinese visitors with positive 12 per cent year-on-year growth
October 16th, 2019 - 12:30 GMT

Chinese Tourists Can Now Get Instant VAT Refunds at Dubai Airports

The total number of permits issued has decreased compared with 47,938 permits issued in the same quarter of 2018
October 6th, 2019 - 12:00 GMT

Bahrain: Jobs Rate Declines for Nationals, Expats in Q2 2019

Qatar’s economy likely to have softened in the second quarter
October 3rd, 2019 - 11:00 GMT

Here's What Will Drive Qatar’s Economic Growth in H2 2019

If the support is linked to the consideration towards sale of automobiles, it may be subject to VAT.
September 30th, 2019 - 07:00 GMT

How Automobile Dealers Can Manage VAT Compliance in UAE

Oman’s total revenue in 2018 equalled OMR10.949 billion in 2018, while the total expenditure - how much the state has spent during the year - totalled OMR 13.599 billion.
September 23rd, 2019 - 11:46 GMT

Corporate Income Tax Collection Soars in Oman

The pickup in non-oil activities is also reflected in the rise in the Purchasing Managers' Index, which reached an average of 58.2 in Q2 2019.
September 23rd, 2019 - 06:34 GMT

UAE's Economy to Grow 2.4 Percent in 2019 Due to Non-Oil Sector

The new tax is aimed at helping to diversify the nations’ sources of revenue.
September 16th, 2019 - 10:00 GMT

Auto Loans Drop in Bahrain by 10.3 Percent After Implementation of VAT

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