Real estate management firm accused of tax evasion over fabricated land-purchase costs

A real estate management company in Tokyo’s Minato Ward has been accused of evading about ¥47 million in corporate taxes by pretending to have incurred costs for land purchases.

The Tokyo Regional Taxation Bureau referred the company, identified as a firm based in Shimbashi, Minato Ward, to prosecutors. The company allegedly recorded fictitious expenses as though it had acquired land.

The case concerns suspected corporate tax evasion involving fabricated purchasing costs, according to the report.