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Top Corporate Taxpayers in the Philippines
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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).
  1. Smart Communications, Inc. = P10.23 billion
  2. Manila Electric Company (MERALCO) = P8.30 billion
  3. Shell Philippines Exploration, B.V. = P6.39 billion
  4. Chevron Malampaya LLC = P6.30 billion
  5. Nestle Philippines, Inc. = P4.89 billion
  6. San Miguel Brewery Inc. = P4.78 billion
  7. Globe Telecom, Inc. = P4.52
  8. PMFTC Inc = P3.71 billion
  9. Petron Corporation = P2.62 billion
  10. SM Prime Holdings, Inc. = P2.22 billion
  11. Philex Mining Corporation = P1.88
  12. Pilipinas Shell Petroleum Corporation = P1.82 billion
  13. Metro Rail Transit Corporation = P1.70 billion
  14. First Gas Power Corporation = P1.49 billion
  15. Philippine Long Distance Telephone Company (PLDT) = P1.48 billion
  16. Manila Water Company, Inc. = P1.29 billion
  17. Team Sual Corporatio = P1.23 billion
  18. Quezon Power (Philippines), Limited Co. = P1.03 billion
  19. Unilever Philippines, Inc = P1.02 billion
  20. Philippine Amusement and Gaming Corporation (PAGCOR) = P960 million
  21. Megaworld Corporation = P929 million
  22. Lafarge Republic, Inc. = P901 million
  23. Manila International Airport Authority = P900 million
  24. San Roque Power Corporation = P885 million
  25. Galoc Production Company WLL = P870 million
  26. Emperador Distillers, Inc. = P863 million
  27. CITRA Metro Manila Tollways Corporation = P856 million
  28. Rio Tuba Nickel Mining Corporation = P852 million
  29. Monde Nissin Corporation = P823 million
  30. CE Casecnan Water and Energy Company, Inc. = P823 million
  31. Supervalue, Inc. = P756 million
  32. Kepco Ilijan Corporation (KEILCO) = P745 million
  33. Toyota Motor Philippines Corporation = P726 million
  34. San Miguel Corporation = P723 million
  35. Philippine Ports Authority = P718 million
  36. Mercury Drug Corporation = P717 million
  37. Ayala Land, Inc. = P714 million
  38. Holcim Philippines, Inc. = P703 million
  39. United Laboratories, Inc. = P666 million
  40. Siemens Power Operations, Inc. = P653 million
  41. Robinsons Land Corporation = P639 million
  42. Puregold Price Club, Inc. = P625 million
  43. FGP Corporation = P623 million
  44. Metrobank Card Corporation (A Finance Company) = P602 million
  45. Bank of the Philippine Islands (BPI) = P598 million
  46. Chevron Geothermal Philippines Holdings, LLC = P596 million
  47. Asian Terminals Inc. = P595 million
  48. Mead Johnson Nutrition (Philippines), Inc. = P584 million
  49. Colgate Palmolive Philippines Inc. = P579 million
  50. 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.

RankCompany NameTax (in billion pesos)
1Smart Communications Incorporated11.46
2Chevron Malampaya LLC4.38
3Shell Philippines Exploration, B.V.4.33
4Nestle Philippines, Inc.4.28
5San Miguel Brewery Inc.4.21
6Globe Telecom, Inc.4.10
7Metro Rail Transit Corporation2.11
8SM Prime Holdings, INc.1.91
9Philex Mining Corporation1.80
10San Miguel Energy Corporation1.59
11Pilipinas Shell Petroleum Corporation1.59
12Republic Cement Corporation1.59
13Quezon Power (Philippines) Limited Company1.50
14First Gas Power Corporation1.50
15Holcim Philippines, Inc.1.49
16PMFTC, Inc.1.45
17Unilever Philippines, Inc.1.39
18Manila Water Company, Inc.1.27
19Team Sual Corporation1.26
20ABS-CBN Corporation1.23


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.

Top Corporate Taxpayers in Philippines 2010

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Total comments: 1
1 gigi angeles   (30-April-2014 1:54 PM)
what is the complete address of these top corporate taxpayers? i need for comparative purposes in the study that i am preparing. tnx.


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