Shinsei Bank, a subsidiary of SBI Holdings, has revealed that an error was found in the calculation of the acquisition price of investment trusts in more than 35,000 accounts.
Owners of these accounts may need to make adjustments to their tax payments.
Of the investment trust accounts, Shinsei Bank opened a "specific account" by the end of 2013, which allows tax on sales gains to be paid by a simple procedure, and started trading with more than 59,000 investment trusts. We found that there may have been an error in the calculation of the acquisition price, and have proceeded with a detailed investigation.
As a result, errors were found in more than 35,000 cases, and the total amount of tax paid under or overpaid amounted to about 8 million yen.
The owners of these accounts may need to revise their tax payments in the future, so the company will consult with the National Tax Agency and others, and will contact the target person as soon as the details of the response are decided.
Shinsei Bank says, "We sincerely apologize for the inconvenience and concern to our customers."