VGT: Administrative Penalty Decision on Tax Violations

Recently, VGT faced an administrative penalty decision for violating tax regulations. Specifically, VGT failed to fully declare its revenue, resulting in inaccurate tax reports. As a consequence, they were subjected to penalties as stipulated by law. This issue was discovered by the authorities during routine inspections. The repercussions include not only fines but also damage to VGT’s reputation in the market. To address this, the company has committed to fulfilling its tax obligations fully in the future and enhancing its accounting practices to prevent recurrence. This is particularly important as businesses must strictly adhere to tax regulations to contribute to the sustainable development of the economy.