Tuesday, October 24 2017

VietNamNews

Rolls-Royce importer seeks extension of tax payment deadline

Update: September, 26/2017 - 18:00
Việt Nam’s Rolls-Royce cars importer proposes for an extension of the tax payment deadline. — Photo caranddriver.com
Viet Nam News

HÀ NỘI — Regal Motor Cars Corporation, the retailer of Rolls-Royce cars in Việt Nam, has asked for an extension of the tax payment deadline.

In this regard, the corporation’s proposal was sent to Việt Nam’s General Department of Customs and Hải Phòng Customs Department.

Prior to this, the Hải Phòng Customs Department issued Decision No 3330/QĐ-HQHP to fix the tax of Regal Motor at an amount of VNĐ7.35 billion (US$323,788) and charged for the corporation’s late payment amount of nearly VNĐ1.504 billion. The reason for fixing the tax is to re-determine the taxable value of the company’s imported goods.

Regal Motor said they would comply with the tax assessment decision of the Customs office. However, due to difficulties in doing business, the firm proposed to first implement a part of the tax obligations, equivalent to VNĐ1.35 billion, while the rest will be handed in the first quarter of 2018. — VNS

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