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Tax Updates

BIR Top 500 Individual and Non-individual Taxpayers for 2011

The Bureau of Internal Revenue has recently issued the list of top 500 individual and non-individual (corporate) taxpayers for the year 2011.  The list is based on the tax returns filed by the taxpayers for the said taxable year.

Top 10 among the top 500 in the list of the non-individual (corporate) taxpayers are:

  1. SMART COMMUNICATIONS INCORPORATED
  2. MANILA ELECTRIC COMPANY “MERALCO”
  3. SHELL PHILIPPINES EXPLORATION, B.V,
  4. CHEVRON MALAMPAYA LLC
  5. NESTLE PHILIPPINES INC
  6. SAN MIGUEL BREWERY INC.
  7. GLOBE TELECOM, INC.
  8. PMFTC INC
  9. PETRON CORPORATION
  10. SM PRIME HOLDINGS INC

Top 10 among the top 500 in the list of the individual taxpayers are:

  1. AQUINO KRISTINA BERNADETTE COJUANGCO
  2. REICHOW GREGORY DEANE
  3. BAJA JR LAURO LIBOON
  4. PANGILINAN MANUEL VELEZ
  5. MONTINOLA III AURELIO REYES
  6. ABLAZA GERARDO JR CINCO
  7. LHUILLIER PHILIPPE JONES
  8. ANGELES VICTOR MANGUERRA
  9. PANLILIO ROBERTO LAZATIN
  10. GOZON FELIPE LAPUS

To see the complete list of Top 500 Non-individual and Individual Taxpayers, please click respective links below:

Last year, if you recall, the BIR has also issued the list of top 500 taxpayers and top 10 on the Corporate and Individual categories for the taxable year 2010 are:

Corporate

  1. Smart Communications, Inc.
  2. Chevron Malampaya LLC
  3. Shell Philippines Exploration, B.V.
  4. Nestle Philippines, Inc.
  5. San Miguel Brewery, Inc.
  6. Globe Telecom, Inc.
  7. Metro Rail Transit Corporation
  8. SM Prime Holdings, Inc.
  9. Philex Mining Corp.
  10. San Miguel Energy Corporation

Individual

  1. Vicente Tan Lao
  2. Rolando Bonifacio Hortaliza
  3. Carlo Jose Caparas
  4. Martin L Oniel
  5. Vivian Que Azcona
  6. Gregory Deane Reichow
  7. Napoleon Logarta Nazareno
  8. Orlando Banzon Vea
  9. Daniel Edmund Chalmers
  10. Ronaldo Romero Soliman

To see the full list for the year 2010, please see  2010 Top 500 Corporate (Non-individual) and Individual Taxpayers in the Philippines

Well, aside from Smart Communications, Inc. that maintained its position as the number 1 tax payer in the non-individual category, there were just few managed it to stay on the top 10.  Surprisingly, Kris Aquino managed to be No. 1 in the top 500 taxpayers for the year 2011.  Manny Pacquiao and Willie Revillame, whom were expected by the public to be in the list, were not in the list.

Well, the taxes paid by the individual are non-individuals are basically dependent on their earnings less allowable deductions if any.  If any of the individuals or non-individuals you expected to be in the list are not there, maybe they’re not good enough be there, had managed to plan their taxes well or, in worst cases, had evade payment of taxes. 😉

Share us your thoughts. 🙂

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About leecpa

Orlando Calundan is a Certified Public Accountant. He has exposures in audit of financial statements of entities in various industries such as real estate, food (quick service restaurants), manufacturing, service organizations and BPOs, automotive, holding/investment companies and more. He also has exposure on internal audit engagements. http://calundan.co

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