Facebook pays $17m tax in Australia, profits in Malaysia before tax.

Facebook Australia earned $674 million in local ad revenue in 2019, but it trimmed its income tax bill to a little under $17 million through a reselling arrangement that minimised its profits to $22.7 million.

Facebook’s accounts in Australia for 2019 show it booked local ad revenues of $167.1 million, classifying it as revenue from contracts with customers.

Facebook incurred an income tax expense of $16.8 million in 2019, up from $11.8 million the previous year, leaving the social media giant with Australian profits of $22.7 million, down from $23.3 million in 2018.

For financial year ending 31 December 2019, Facebook Malaysia declared revenues of RM20.297 million for 2019, and they made a profit of RM300,276 before tax. Based on official submissions, it made a loss of after tax. So did they pay RM943,995 in tax to the Malaysian government for last year?

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The APPIES is an annual event that presents a rare opportunity for creative, media, digital and marketing agencies or brands to present their best campaigns to the industry.

This is the only event where Live Presentations meets Live Judging.

Similar to TED Talks, The APPIES is the chance for great presenters with outstanding work to show it off to some of the industry’s most important industry leaders.

This year’s winners will receive Gold, Silver or Bronze trophies for 21 categories, and 6 special Best of Best categories (red trophies) that require no submissions!

Campaign entries must have run between June 2023 to May 2024

Submissions Deadline
30th June 2024

APPIES Festival – Judging & Presentations
11th – 12th July 2024 (Malaysia)

 

Download Event PDF
Submit Entries Here




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