Telecommunications & Media
Netflix wins South Korea corporate tax suit, 68.7 billion won of 76.2 billion won cancelled
Netflix\'s South Korean unit effectively won a corporate tax lawsuit against tax authorities after a court ruled payments to its Dutch unit were compensation for services rather than copyright royalties. The Seoul Administrative Court ordered the cancellation of 68.7 billion won of the 76.2 billion won assessed. The case stemmed from a 2021 tax audit. Netflix had sought full cancellation of the remaining assessed tax in a suit filed in November 2023.
