Italian authorities are reported to have raised a €870 million VAT assessment on Meta Platforms for 2015 to 2021 services. The investigation was opened by Milan magistrates at the request of the European Public Prosecutor’s Office (EPPO). The assessment is based on users’ data captured by Facebook as being a taxable consideration for the access to social platform. Users do not have to pay for the use of Facebook platform.
This raises complex questions on the link between VAT consideration and supplies. If there can be no demonstratable link or monetary value determined, then VAT is unlikely to be due.
Source: vatcalc.com
Latest Posts in "Italy"
- VAT Exemption Also Applies to Claims Management Services, Rules Italian Supreme Court
- Italy Proposes Rome as Host City for New EU Customs Authority Headquarters
- Rome Proposes to Host New EU Customs Authority, Highlighting Strategic and Historical Significance
- €78 Million VAT Fraud Uncovered in EU: ‘Nebula’ Investigation Exposes Cross-Border Tax Evasion
- VAT on Prepaid Fuel Cards: When Is It Charged—At Purchase or Refueling?
