- Meta Platforms, the parent company of Instagram and Facebook, owes Italy over €887 million in VAT for the estimated turnover recorded in the country between 2015 and 2021, according to a public prosecutor in Milan.
- The prosecutor argues that users enter into a commercial contract with the platform when they grant access to their data, justifying the imposition of VAT, and claims that Meta has failed to declare €4 billion in revenue, leading to the VAT amount owed.
- Meta disputes the notion that providing users access to its platforms should be subject to VAT, asserting its commitment to fulfilling tax obligations and paying all required taxes in the countries where it operates, while a judge will decide whether to proceed with the case.
Source Taxlive
