Sony is contesting an order from the Tokyo Regional Taxation Bureau to pay additional taxes on profits made from sales of products between its Japanese and overseas units, the company said Friday.Sony has been asked to pay a total of 27.9 billion yen (US$239.9 million) in additional taxes related to profits recorded in two areas.The first relates to sales between Sony Computer Entertainment (SCEI) and Sony Computer Entertainment America (SCEA) between April 1999 and March 2005. And the second is on transactions related to CD and DVD disc-manufacturing operations with several overseas subsidiaries from April 2003 to March 2005. Sony Headquarters “Sony and SCEI believe that their allocation of income for the periods in question was appropriate and that they have paid the proper amount of taxes in each of the jurisdictions,” the companies said in a statement. “Therefore Sony and SCEI disagree with the position of the Tokyo Regional Taxation Bureau and will promptly lodge an objection.” Sony and SCEI said they believe the issue will ultimately be resolved to their satisfaction, and as such, Sony said it does not expect anymaterial impact on its consolidated profit and loss. News of the order comes a day after Sharp said tax officials had asked the company to pay an additional 300 million yen in back taxes related to purchases of electronics components.-Martyn Williams, IDG News Service (Tokyo Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by EXL Unlocking generative AI’s greatest growth opportunities Looking beyond the hysteria— It is imperative for companies integrating AI technologies to embrace the opportunity to strengthen their products, services, and workforce…with fundamental human pragmatism. By Rohit is vice chairman and CEO at EXL, a multinational data analytics and digital operations and solutions company. Dec 07, 2023 5 mins Artificial Intelligence brandpost Sponsored by BMC BMC on BMC: How the company enables IT observability with BMC Helix and AIOps The goals: transform an ocean of data and ultimately provide a stellar user experience and maximum value. By Jeff Miller Dec 07, 2023 3 mins IT Leadership brandpost Sponsored by BMC The data deluge: The need for IT Operations observability and strategies for achieving it BMC Helix brings thousands of data points together to create a holistic view of the health of a service. By Jeff Miller Dec 07, 2023 4 mins IT Leadership how-to How to create an effective business continuity plan A business continuity plan outlines procedures and instructions an organization must follow in the face of disaster, whether fire, flood, or cyberattack. Here’s how to create a plan that gives your business the best chance of surviving such an By Mary K. Pratt, Ed Tittel, Kim Lindros Dec 07, 2023 11 mins Small and Medium Business IT Skills Backup and Recovery Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe