Big online firms face 0.1% supervisory fee under new EU rules – CNA

BRUSSELS: Major online platforms face a yearly fee up to 0.1per cent of annual net income to cover the costs of monitoring compliance with new European Union rules requiring them to do more to police their content, an EU document shows.

The Digital Services Act (DSA) rules are likely to be agreed between EU countries and lawmakers later this month. Levying such a fee would be a first for the European Commission, which is the bloc’s executive body.

The move comes as the Commission seeks new sources of revenue to fire up the region’s economic growth in the wake of the pandemic and also foster a greener and more digital economy.

“The overall amount of the annual supervisory fees shall be based on the estimated costs the Commission incurs in relation to its supervisory tasks under this Regulation,” the document, which was seen by Reuters, said.

“The fee shall not exceed 0.1 per cent of the global annual net income of the provider of very large online platforms (or very large search…

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source: https://news.oneseocompany.com/2022/04/05/big-online-firms-face-01-supervisory-fee-under-new-eu-rules-cna_2022040517482.html

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