Amway tax payments break into top 200

October 31, 2015 | 17:01

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Amway is ranked 119th amongst the top 200 companies making the largest contributions of corporate income tax in Vietnam in 2015, according to the V1000 ranking list conducted by Vietnam Report, Vietnamnet, and Tax Journal under the General Department of Taxation.

This can be considered as a result of Amway’s achievements in business activities. With annual revenues reaching almost $100 million and holding a 30 per cent market share in Vietnam only after seven years of operation, Amway Vietnam is always in compliance with the law and tax policies. In 2014, the company earned a revenue of $90 million and paid $3.6 million in taxes to the state budget.

Emphasising the importance of transparency, Amway Vietnam is committed to enhancing sustainable development in Vietnam in the long term. The company keeps contributing to local socio-economic development by creating employment and well-paying jobs for Vietnamese people.

This is the sixth year that the V1000 ranking list has been complied, which is aimed to encourage, honour, and acknowledge the country’s top 1,000 corporate tax contributors. The ranking is based on the amount of taxes paid in 2014.

V1000 is based on independent data surveys processed by Vietnam Report. Information and data about enterprises were taken from the top 500 Vietnamese enterprises (VNR500), top 500 enterprises with the fastest growth (FAST500), and Vietnam Report’s extensive database of enterprises in Vietnam (VNR).

By By Thanh Van

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