A Japanese unit of video streaming giant Netflix Inc. failed to declare ¥1.2 billion in taxable income over three years through 2019, sources familiar with the matter said Tuesday.
The Tokyo Regional Tax Bureau found out about the underreporting following a probe on the Tokyo-based firm, with authorities saying the firm should have been paid more in terms of profit allocation by a Netherlands-based unit of Netflix, the sources said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
We humbly apologize for the inconvenience.