MANILA, Philippines—Two companies led by tycoon Manuel V. Pangilinan were the top non-individual taxpayers of 2013, a report posted on the website of the Bureau of Internal Revenue (BIR) showed.
Citing data as of March 6, 2015, ranked No. 1 taxpayer during taxable year 2013 was Smart Communications Inc., which had an income tax due of P10.891 billion.
The second highest income tax paid by a non-individual in 2013 was by Manila Electric Co. or Meralco, amounting P9.690 billion.
Pangilinan chairs Meralco and Smart.
On third place was San Miguel Brewery Inc., whose income tax due in 2013 was P4.879 billion.
Rounding up the top 10 were Nestle Philippines Inc. (P4.811 billion), Chevron Malampaya LLC (P4.517 billion); Shell Philippines Explorations B.V. (P4.484 billion), Globe Telecom Inc. (P4.003 billion), PMFTC Inc. (P3.422 billion), Chemwealth Inc. (P2.909 billion) and SM Prime Holdings Inc. (P2.777 billion).
Complete list here.
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