Close Menu
Newsweek ArabiaNewsweek Arabia
    Latest Posts

    Abu Dhabi to deploy agentic AI monitoring of hazardous materials

    September 14, 2026

    ADHMMC partners with Presight to harness AI for proactive risk management

    September 14, 2026

    CBUAE Governor leads UAE delegation to 87th meeting of GCC Central Bank Governors’ Committee in Bahrain

    September 14, 2026
    Facebook X (Twitter) Instagram
    Newsweek ArabiaNewsweek Arabia
    Facebook X (Twitter) Instagram
    • Home
    • UAE
    • Business
    • Technology
    • Lifestyle
    • Sports
    Newsweek ArabiaNewsweek Arabia
    Home»Business»Apple reveals profits, taxes in Europe for first time
    Business

    Apple reveals profits, taxes in Europe for first time

    Editorial teamBy Editorial teamAugust 22, 2026
    Facebook Twitter Pinterest LinkedIn Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    SAN JOSE, California, 22nd August, 2026 (WAM) — US technology company Apple has disclosed for the first time the amount of profit it made and taxes it paid in each European Union country, in compliance with new transparency rules.

    Data for the fiscal year ending in September 2025 showed exceptional tax payments of US$17.1 billion in Ireland, which the company attributed to the release of funds that had been frozen following its loss of a long-running legal battle with the European Commission.

    The ruling required Apple to pay billions of dollars in back taxes and interest relating to previous tax benefits.

    The German Press Agency reported that the data also included details of the company’s operations in Germany, where it generated revenues of $2.72 billion and recorded profit before tax of around $209 million, while paying $153.5 million in income taxes.

    The disclosures come in implementation of European Union rules requiring multinational companies with revenues exceeding €750 million to publicly disclose their tax data, which had previously been submitted confidentially to the relevant authorities.

    Source: Emirates News Agency

    Related Posts

    CBUAE Governor leads UAE delegation to 87th meeting of GCC Central Bank Governors’ Committee in Bahrain

    September 14, 2026

    Revolut incident highlights rising cyber risks from trusted identities

    September 14, 2026

    Emirates signs seven tourism partnerships at Arabian Travel Market

    September 14, 2026
    Don't Miss
    UAE

    Abu Dhabi to deploy agentic AI monitoring of hazardous materials

    By Editorial teamSeptember 14, 2026

    Abu Dhabi is set to deploy agentic AI solutions to monitor and manage hazardous materials…

    ADHMMC partners with Presight to harness AI for proactive risk management

    September 14, 2026

    CBUAE Governor leads UAE delegation to 87th meeting of GCC Central Bank Governors’ Committee in Bahrain

    September 14, 2026

    Meet the Emirati woman who became a blacksmith and welder against all odds

    September 14, 2026
    Our Picks

    Abu Dhabi to deploy agentic AI monitoring of hazardous materials

    September 14, 2026

    ADHMMC partners with Presight to harness AI for proactive risk management

    September 14, 2026

    CBUAE Governor leads UAE delegation to 87th meeting of GCC Central Bank Governors’ Committee in Bahrain

    September 14, 2026

    Meet the Emirati woman who became a blacksmith and welder against all odds

    September 14, 2026
    Facebook X (Twitter) Instagram Pinterest
    • UAE
    • Business
    • Technology
    • Lifestyle
    • Sports
    • Contact us
    2026. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.