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

In this regard, the corporation’s proposal was sent to Viet Nam’s General Department of Customs and Hai Phong Customs Department.

Prior to this, the Hai Phong Customs Department issued Decision No 3330/QD-HQHP to fix the tax of Regal Motor at an amount of VND7.35 billion (US$323,788) and charged for the corporation’s late payment amount of nearly VND1.504 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 VND1.35 billion, while the rest will be handed in the first quarter of 2018. — VNS