Seoul court cancels W68.7b tax bill for Netflix Korea

The Seoul Administrative Court on Tuesday ordered the cancellation of 68.7 billion won ($46.7 million) in taxes imposed on Netflix Services Korea, ruling partially in favor of the global streaming giant’s local unit in a lawsuit against tax authorities. Netflix Services Korea filed the lawsuit in 2023 against the head of the Jongno Tax Office and other authorities, seeking to cancel about 76.2 billion won in taxes. The court accepted 68.7 billion won of that claim Tuesday. The court found that N

By The Korea Herald