TNG Investment and Trading sanctioned for tax declaration errors

TNG Investment and Trading Joint Stock Company announced on December 6, 2025, that it received a decision from the Thai Nguyen Provincial Tax Department, dated December 5, 2025, concerning administrative sanctions for tax violations. The company was found to have incorrectly declared tax bases, deductible tax amounts, or misidentified cases for tax exemption, reduction, or refund, leading to a shortage of payable tax or an increase in exempted, reduced, or refunded tax amounts. The company noted that all economic transactions were fully reflected in the accounting system, invoices, and legal documents.

Following the inspection, the total amount of VAT recovered, fines, and late payment fees for TNG Investment and Trading Joint Stock Company reached VND 23,140,344. This figure includes VND 19,106,882 in VAT recovery, a fine of VND 3,821,376 for administrative violations, and VND 212,086 in late payment fees. Additionally, the company is subject to an increase of VND 22,406,549 in deductible VAT carried over to subsequent periods.

TNG Investment and Trading JSC is required to pay the total amount within 10 days of receiving the decision. The company has a right to appeal or initiate legal proceedings against the decision. The disclosure was made available on the company's website on the same day.