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Posted by Susan-Han Tuesday, June 15, 2021

'Netflix Korea' files to appeal National Tax Service's request to pay $72 million USD in unpaid taxes

AKP STAFF

On June 16, 'Netflix Korea' issued an official statement after the Republic of Korea's National Tax Service released the business's tax audit results. 

Back on June 15, it was reported that the National Tax Service ordered 'Netflix Korea' to pay approximately 80 billion KRW (~ $72 million USD) in unpaid taxes after completing its audit. The fees allegedly also included penalties charged against the business for its refusal to submit required documents for auditing. 

Now, 'Netflix Korea' has decided to respond to the reports with, "'Netflix' underwent the National Tax Service's audit diligently. We plan on submitting an appeal in order to reinvestigate the Service's report through additional legal proceedings."

Furthermore, 'Netflix Korea' went on to pledge an amount of 550 billion KRW (~ $500 million USD) in investments toward more original Korean content this year. 

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lymli_queen
lymli_queen5,422 pts Tuesday, June 15, 2021 1
Tuesday, June 15, 2021

I heard tax evasion is a crime worse than weed or rape in south korea...

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violet-colored-l
violet-colored-l147 pts Tuesday, June 15, 2021 0
Tuesday, June 15, 2021

Netflix's South Korean office is being investigated for allegedly evading tax, according to a South Korean media report.

The National Tax Service (NTS) visited the offices of Netflix Service Korea in Seoul on late Thursday as part of the investigation, Yonhap News Agency said.

Netflix's local office allegedly paid its US headquarters a large amount of no-work consulting fees while also intentionally putting itself in the red to avoid paying corporate taxes in South Korea, the report said.

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