- Italy’s tax claim against Meta, Facebook’s parent company, has advanced to evaluation by the EU Commission’s VAT committee, intensifying scrutiny on tech industry taxation practices.
- Meta faces a potential €870 million tax bill in Italy following an audit by Italy’s Guardia di Finanza police, which argues that user registrations could be taxable transactions.
- The EU VAT committee’s non-binding assessment could influence the Italian ministry and tax agency’s stance and impact the ongoing criminal investigation by Milan prosecutors.
- A ruling in favor of Italy could set a precedent applicable to all EU member states, extending similar tax treatments to other multinational internet platforms.
- Italy’s proactive approach in pursuing tax obligations from tech companies is evident, as seen with Airbnb recently settling outstanding income tax obligations with a payment of €576 million to the Italian Revenue Agency.
Source GlobalVATcompliance
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