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Your email address will not be published.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

عاقب جاوید بھارتی بولر کے گُن گانے لگے

سابق فاسٹ بولر عاقب جاوید نے مقبوضہ کشمیر کے بولر عمران ملک…

At least 14 killed in Israeli strikes on Gaza

At least 14 Palestinians were killed and others wounded at dawn on…

ADB announces funding plan to combat climate change

The Asian Development Bank (ADB) has announced a new program for Climate…

Hezbollah chief slams inclusion of civilian in Lebanon’s direct talks with Israel

Naim Qassem has denounced direct talks between Israel and Lebanon after the…