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Your email address will not be published.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

Eighth child freezes to death in Gaza

A 35-day-old boy is the latest child to have died from severe…

NA resolution urges govt to stand tall against SC verdict

Islamabad: The National Assembly on Thursday passed a resolution against the three-member…

US will not be dragged into a war ‘anywhere,’ says Hochstein

Washington would not be dragged into war “anywhere”, Amos Hochstein, US President…

Indonesia inaugurates Southeast Asia’s largest floating solar farm

Indonesia on Thursday inaugurated a $100 million floating solar farm, the largest…