Sweden hits Facebook with sizeable tax bill
The Local Sweden - [email protected]
Published: 6 Dec, 2017 CET.
Updated: Wed 6 Dec 2017 07:37 CET
The Swedish Tax Agency (Skatteverket) has denied a round of tax deductions to US tech giant Facebook, hitting it with a bill worth millions.
When combined with an increase by the agency on the amount of VAT collected from Facebook, the total bill is worth around 1.9 million kronor ($227,046), news agency Siren reports.
According to Siren, Facebook did not submit documents proving the validity of the deductions made during 2016 and 2017. A small part of the 1.9 million total the American firm has been asked to pay consists of tax fines from the authority meanwhile.
Facebook opened a data centre in Luleå, northern Sweden in 2013.
READ ALSO: Facebook to open new 'green' Swedish hub
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When combined with an increase by the agency on the amount of VAT collected from Facebook, the total bill is worth around 1.9 million kronor ($227,046), news agency Siren reports.
According to Siren, Facebook did not submit documents proving the validity of the deductions made during 2016 and 2017. A small part of the 1.9 million total the American firm has been asked to pay consists of tax fines from the authority meanwhile.
Facebook opened a data centre in Luleå, northern Sweden in 2013.
READ ALSO: Facebook to open new 'green' Swedish hub
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