A Tokyo construction company inflated its expenses through techniques such as ordering fictitious construction work to subcontractors, and was accused by the Tokyo Regional Taxation Bureau of concealing approximately 600 million yen in income, according to interviews with people involved. . The Tokyo Regional Taxation Bureau has imposed an additional tax of approximately 200 million yen on the construction company.
The company that received additional tax from the Tokyo Regional Taxation Bureau is Nobuyuki Construction, a subsidiary of Toa Construction Industry, a construction company listed on the Tokyo Stock Exchange Prime, and headquartered in Chiyoda-ku, Tokyo.
According to people involved, Nobuyuki Construction had inflated its expenses by ordering subcontractors to perform fictitious construction work and overcharging for the work that was actually done. It was revealed in a tax investigation by the bureau that it was pointed out that he had hidden approximately 600 million yen in income over the seven years up to last year.
The Tokyo Regional Taxation Bureau has imposed additional taxes on Nobuyuki Construction of approximately 200 million yen, including heavy additional taxes.
An internal investigation conducted by the company revealed that multiple employees in managerial positions at branch offices were involved and found that the money kicked back to subcontractors was used for entertainment, and some of the money was used for personal meals and drinks. That means I understand.
The company has already disciplined and dismissed the employees involved in the misconduct, and is considering filing criminal charges in the future.
The parent company, Toa Kensetsu Kogyo, commented, ``We take the occurrence of this type of misconduct seriously and will work to prevent it from happening again in the future.''