Fanuc, a major industrial robot company, is facing Tokyo national tax charges for selling parts to a subsidiary in Taiwan at lower prices than the average price, thereby shifting profits that should have been recorded in Japan overseas. Interviews with related parties revealed that the bureau had pointed out that approximately 9.7 billion yen of income had not been declared.
In response to an interview, FANUC said, ``We have a difference of opinion with the authorities.''
FANUC, a major manufacturer of industrial robots headquartered in Yamanashi Prefecture, was flagged for failing to declare.
According to people involved, FANUC is providing robot parts and other items from Japan to its subsidiary in Taiwan at a lower price than the average price, thereby shifting profits that would otherwise be recorded in Japan overseas. The Tokyo Regional Taxation Bureau has pointed out that this is the case.
The Tokyo Regional Taxation Bureau pointed out that Fanuc had failed to declare 9.7 billion yen in income for the three years up to 2021, and imposed an additional tax of approximately 2.2 billion yen, including additional tax on underreporting.
Regarding the fact that it was pointed out that the declaration had been omitted, FANUC responded to NHK's interview saying, ``We have a difference of opinion with the authorities.We will take the necessary measures in accordance with laws and regulations.''