TikTok challenges EU supervisory fee, following Meta's footsteps
Chinese online social media platform TikTok has challenged a supervisory fee amounting to 0.05% of its annual worldwide net income to cover EU regulators' costs of monitoring compliance with new EU rules, the second company to do so after Meta Platforms. Under the Digital Services Act (DSA), 20 very large online platforms, including TikTok, Meta, Google, Apple and two very large online search engines are required to pay the annual charge. The size of the fee accounts for the average monthly acti