Sony to pay extra US$243 million in taxes

Sony to pay extra US$243 million in taxes
Sony to pay extra US$243 million in taxes

The Tokyo Regional Taxation Bureau ordered the company to pay the additional taxes related to its game console and other operations in the U.S. after finding fault with previous tax filings, Sony said in a statement.

Sony planned to file a protest with the tax authorities promptly, arguing that the additional taxes would constitute double taxation under the terms of U.S.-Japan bilateral tax treaties, the AP reports.

The tax authorities notified Sony and Sony Computer Entertainment Inc. that it had found fault with tax payments related to profits from the game console operations of SCEI's U.S. subsidiary from 1999 to 2004, the statement said.