Honda Vietnam faces over $158 mln overdue tax claim

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Honda Vietnam has sent a letter to the Prime Minister, asking for help after local customs agencies in Hanoi planned to ask it to pay over VND3.3 trillion (US$158.4 million) in overdue taxes, Tuoi Tre reported Saturday.

According to the company, there are different interpretations of import taxes on car accessories, and the customs agencies in Hanoi and the northern province of Vinh Phuc failed to understand it properly.

In its report, Tuoi Tre quoted Hoang Viet Cuong, deputy chief of Vietnam Customs, as saying that the agency has ordered the mentioned customs agencies to review all questions posed by Honda Vietnam.

Cuong said at the moment they are yet to conclude whether the overdue taxes claimed by the agencies were correct or not.

However, if the company can prove that they have paid taxes correctly, customs have to accept it, the official added.

In the meantime, another official from Hanoi's customs agency said in the newspaper that the taxes vary, depending on how auto accessories are connected.

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