Apple Japan lost $98 million in back taxes – Nikkei

TOKYO, Dec 27 (Reuters) – The Japan unit of Apple Inc (AAPL.O) is being charged 13 billion yen ($98 million) in additional taxes for bulk sales of iPhones and other Apple devices to foreign tourists that were misappropriated. was exempted from consumption tax. , Nikkei newspaper said.

Citing unnamed sources, the Nikkei reported on Tuesday that bulk purchases of iPhones by overseas shoppers were discovered at some Apple Stores, with at least one transaction involving individuals buying hundreds of handsets at once.

Japan allows tourists with a stay of less than six months to purchase items without paying a 10% consumption tax, but the exemption does not apply to purchases intended for resale.

Apple Japan is believed to have filed an amended tax return, according to Nikkei.

In response to a Reuters request for comment, the company said only in an email message that tax-free shopping was not currently available at its stores. The Tokyo Regional Taxation Bureau declined to comment.

The iPhone maker’s CEO Tim Cook visited Japan earlier this month and announced that the company has invested more than $100 billion in its Japanese supply network over the past five years. read more

($1 = 132.9000 yen)

Reporting by Akanksha Khushi in Bengaluru, Kiyoshi Takenaka in Tokyo; Editing by Chizu Nomiyama and Kenneth Maxwell

Our Standards: The Thomson Reuters Trust Principles.

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