Uber, Careem face $100 mln tax bills in Saudi Arabia: report

17/10/2021 Argaam

Logos of Uber and Careem  

Uber Technologies Inc. and its subsidiary Careem faced tax bills worth SAR 375 million ($100 million) in Saudi Arabia, Bloomberg reported, citing sources with knowledge of the matter.
 

The claims are related to a dispute over how to calculate the value-added tax (VAT) owed over the past few years, including hefty penalties for late payment, the sources added.
 

The two companies made a settlement with Zakat, Tax and Customs Authority (ZATCA) in this regard, Asharq TV channel reported, citing an unnamed source.
 

The two companies might have had a previous objection to the tax assessment, the source added, noting that they had lost similar lawsuits in other countries, but did not give further details.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read