In April 2013, the tax collection agency of the Philippines which is the Bureau of Internal Revenue (BIR) released the latest list of top non-individual (corporate) taxpayers in the Philippines for year 2011. I created the Top 20 Corporate Taxpayers below. If you don't understand what I mean, these are the companies in the Philippines that paid the highest amount of income tax in year 2011.
Top 50 Corporate Taxpayers in the Philippines 2011
Smart is still the highest company taxpayer in the Philippines. But its income tax in 2011 (which was P10.23 billion) lowered down by over 1 billion pesos compared to its income tax on 2010 (which was P11.46 billion).
Pilipinas Shell Petroleum Corporation = P1.82 billion
Metro Rail Transit Corporation = P1.70 billion
First Gas Power Corporation = P1.49 billion
Philippine Long Distance Telephone Company (PLDT) = P1.48 billion
Manila Water Company, Inc. = P1.29 billion
Team Sual Corporatio = P1.23 billion
Quezon Power (Philippines), Limited Co. = P1.03 billion
Unilever Philippines, Inc = P1.02 billion
Philippine Amusement and Gaming Corporation (PAGCOR) = P960 million
Megaworld Corporation = P929 million
Lafarge Republic, Inc. = P901 million
Manila International Airport Authority = P900 million
San Roque Power Corporation = P885 million
Galoc Production Company WLL = P870 million
Emperador Distillers, Inc. = P863 million
CITRA Metro Manila Tollways Corporation = P856 million
Rio Tuba Nickel Mining Corporation = P852 million
Monde Nissin Corporation = P823 million
CE Casecnan Water and Energy Company, Inc. = P823 million
Supervalue, Inc. = P756 million
Kepco Ilijan Corporation (KEILCO) = P745 million
Toyota Motor Philippines Corporation = P726 million
San Miguel Corporation = P723 million
Philippine Ports Authority = P718 million
Mercury Drug Corporation = P717 million
Ayala Land, Inc. = P714 million
Holcim Philippines, Inc. = P703 million
United Laboratories, Inc. = P666 million
Siemens Power Operations, Inc. = P653 million
Robinsons Land Corporation = P639 million
Puregold Price Club, Inc. = P625 million
FGP Corporation = P623 million
Metrobank Card Corporation (A Finance Company) = P602 million
Bank of the Philippine Islands (BPI) = P598 million
Chevron Geothermal Philippines Holdings, LLC = P596 million
Asian Terminals Inc. = P595 million
Mead Johnson Nutrition (Philippines), Inc. = P584 million
Colgate Palmolive Philippines Inc. = P579 million
San Miguel Mills, Inc. = P565 million
Top 20 Corporate Taxpayers in the Philippines 2010
With P11.46 billion tax paid, Smart Communications, Inc. remains the highest corporate taxpayer in the Philippines since year 2010. Smart has about P7 billion greater tax paid than the second corporate taxpayer which is Chevron Malampaya LLC having P4.38 billion tax paid.
In 2009, Globe Telecom, Inc. ranked second but in 2010, this position was taken by Chevron Malampaya LLC. Globe now ranked sixth for year 2010.
Tax (in billion pesos)
Smart Communications Incorporated
Chevron Malampaya LLC
Shell Philippines Exploration, B.V.
Nestle Philippines, Inc.
San Miguel Brewery Inc.
Globe Telecom, Inc.
Metro Rail Transit Corporation
SM Prime Holdings, INc.
Philex Mining Corporation
San Miguel Energy Corporation
Pilipinas Shell Petroleum Corporation
Republic Cement Corporation
Quezon Power (Philippines) Limited Company
First Gas Power Corporation
Holcim Philippines, Inc.
Unilever Philippines, Inc.
Manila Water Company, Inc.
Team Sual Corporation
To have a better comparative view, you can take a look at the bar graph below and notice how SMART Communications outranked the other companies in terms of tax payment.
This article was written by admin under the Business category. It has been viewed times and generated 1 comments. The article was created/updated on 18-April-2013.
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