MANILA — Presidential sister and actress Kristina Bernadette C. Aquino was the top individual taxpayer in 2011, paying P49.9 million in income tax, latest government data posted on the Bureau of Internal Revenue (BIR) website (www.bir.gov.ph) showed.
Following Kris Aquino is entrepreneur Gregory Deane Reichow, who paid P38.196 million. Former Ambassador Lauro Baja was third top taxpayer, having paid P34.3 million in taxes.
Next on the BIR list of top 10 individual taxpayers are Philippine Long Distance Telephone Chairman Manuel V. Pangilinan, fourth, paying P26 million; and Bank of the Philippine Islands President and Chief Executive Officer Aurelio Montinola, P24.5 million.
Also on the top 10 list are Manila Water President Gerardo Ablaza, P22.6 million; Philippe J. Lhuillier, P21.645 million; Victor M. Angeles, P21.20 million; JP Morgan Chase country officer Roberto L. Panlilio, P19.61 million; and GMA Network Chairman Felipe Gozon, P19.6 million.
Surprisingly, billionaire Henry Sy Sr., country’s richest man, was No. 15, having paid P16.6 million. LT Group Chairman Lucio Tan paid P10.8 million, and BDO Chairman Teresita Sy Coson, P8.4 million.
Interestingly, former boxing pound-for-pound king, Saranggani Rep. Manny, Pacquiao paid P6.1 million, while former President Joseph Estrada shelled out P3.5 million in taxes.
Meanwhile, the top corporate taxpayer is Smart Communications, having paid P10.2 billion in 2011. Smart is followed by Manila Electric Co. (Meralco), P8.3 billion; Shell Philippines Exploration, P6.4 billion; Chevron Malampaya, P6.3 billion; and Nestle Philippines, P4.9 billion.
Meanwhile, hundreds of thousands of individual taxpayers nationwide tried to beat the April 15 deadline for the filing of 2012 income tax returns (ITRs).
Many were penalized for submitting their ITRs after the close of office hours.
Insiders noted it was the first time in the BIR’s 109-year of existence that the 25 percent surcharge and 20 percent annual interest on the basic tax were collected on returns filed after 5 p.m. deadline.
The BIR is targeting to raise P1.2 trillion in taxes this year. (Manila Bulletin)