Bloomberg reported, citing people familiar with the situation, that Saudi Arabia is imposing tens of millions of dollars in tax demands on various technology companies, including Uber Technologies Inc and its Dubai-based subsidiary Careem.

According to the report, Uber and Careem are facing a combined bill of roughly $100 million.

According to Bloomberg, the claims stem from a disagreement over how to compute the value-added tax owed over the last five years, and involve steep penalties for late payment.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

NBP wins terror financing case in New York court: Reports

Islamabad: It emerged that Pakistan won a terror-financing case filed against the…

انٹر بینک میں ڈالر200 روپے کا ہو گیا

پاکستانی روپےکی بے قدری کاسلسہ مسلسل جاری ہےاورانٹر بینک میں ڈالر 200.17…

Khan’s security guard falls down a rushing car

As Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan’s caravan was headed to Islamabad’s…