Apple Japan hit with $98 mln in back taxes- Nikkei - Reuters

Dec 26 (Reuters) - Apple Inc's (AAPL.O) Japan portion is being charged 13 cardinal yen ($97.82 million) successful further taxes by Tokyo for bulk income of iPhoneS and different Apple devices to overseas tourists that were incorrectly exempted from the depletion tax, Nikkei reported connected Monday citing sources.

According to the newspaper, bulk purchases of iPhones by overseas shoppers were discovered astatine immoderate Apple stores with astatine slightest 1 transaction involving an idiosyncratic buying hundreds of handsets astatine erstwhile and the store missed taxing astatine slightest 1 imaginable reseller.

Japan allows tourists staying little than six months to bargain items without paying the 10% depletion tax, but the exemption does not use to purchases for the intent of resale.

Apple Japan is believed to person filed an amended taxation instrumentality according to Nikkei. The institution did not respond to a Reuters' petition for remark connected the report.

The iPhone maker's Chief Executive Officer Tim Cook visited Japan earlier this period and announced that the institution had invested much than $100 cardinal successful its Japanese proviso web implicit the past 5 years. work much

($1 = 132.9000 yen)

Reporting by Akanksha Khushi successful Bengaluru; Editing by Chizu Nomiyama

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