The French investigation is being carried out by the National Financial Prosecutor’s Office (PNF), a special unit used to investigate high-profile white-collar crime.

It refers to suspicions of “concealment of serious tax frauds and work outside the registers”, according to PNF.

The company is also being investigated for tax returns for 2019, 2020 and 2021.

French sources said authorities in the Netherlands were carrying out simultaneous searches and that cooperation between the two countries had been going on for “many months”.

Last year, French media publication La Lettre reported that until 2021, Netflix in France has minimized its tax payments by declaring turnover generated in France to the Netherlands.

After abandoning that arrangement, La Lettre said, its annual turnover in France rose from 47.1 million euros ($51.3 million; £39.6 million) in 2020 to 1, 2 billion euros in 2021.

However, the publication says that investigators are trying to determine whether Netflix continued to try to minimize its profits after 2021.

Netflix arrived in France more than 10 years ago, opening its Paris office in 2020. It has about 10 million subscribers in the country, according to the AFP news agency.