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Facebook Australia pays more tax in 2020 despite profit and revenue decline ZDNet 2 hrs ago © Nataliya Vaitkevich Facebook Australia has reported after-tax profit for 2020 financial year slipped down to AU$17.7 million from last year s AU$22.7 million. Popular Searches Revenue came in at AU$155 million, slightly lower than the reported AU$167 million for the 2019 financial year. Of that, approximately AU$153 million compromised of online advertising sales. The remaining revenue came from services, which amounted to just under $2 million. Despite a reduction in revenue, the Australian arm of the social media giant had a higher income tax expense this year than the previous year. The company footed a AU$20.2 million tax bill, up from the AU$16.8 million tax expense last year, off the back of AU$6.1 million in tax on share-based payments and an adjustment of AU$2.7 million for prior years.

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