- Italy concludes investigation into two Meta executives for alleged tax evasion of 887.6 million euros by Facebook’s parent company
- The probe’s closure precedes potential trial requests unless the accused prove their innocence
- The case focuses on Meta’s service access methods, including platforms like Facebook and Instagram
- Meta asserts it fulfills its tax obligations and cooperates with Italian authorities
- The investigation involves Meta Platforms Ireland Ltd, a subsidiary in Ireland
- Italian tax police view user registrations as taxable due to the exchange of personal data for membership
- Italy’s Revenue Agency supports police findings, claiming Meta didn’t declare nearly 4 billion euros in taxable income from 2015 to 2021
- Meta has 60 days to respond to the tax authority’s observations before possibly facing a judicial tax dispute
- Meta disagrees with the VAT charge on online platform access
- The Italian Revenue Agency seeks guidance from the European Commission’s VAT Committee on the VAT treatment of online services exchanged for user data
- The European Commission’s VAT Committee has not yet responded to the request for a technical evaluation
Source: channelnewsasia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
