In continuing the government’s efforts for transparency, the Bureau of Internal Revenue released its list of top individual tax payers for the year 2011. The list shows the names and the amount of taxes they paid which can also indicate their earnings for the said year. Topping the list of 2011’s individual taxpayers is TV host/actress and presidential sister Kris Aquino. BIR reported her income tax at Php 49,871,657.37 beating the country’s top businessmen and magnates. Following Aquino is Sunpower Philippines’ Gregory Reichow who paid an income tax of Php 34,257,368.88. And completing the top 3 is the son of former DFA official, Lauro Baja Jr. with an income tax amounting to Php34,257,368.88.
Below is the top 10 individual tax payers for 2011 according to the list realesed by the BIR:
1. Kris Aquino – Php49,871,657.37
2. Gregory Reichow (Sunpower Philippines) – Php38,196,685.00
3. Lauro Baja Jr. – Php34,257,368.88
4. Manuel V. Pangilinan (PLDT, TV5) – Php25,992,131.86
5. Aurelio Montinola III (BPI) – Php24,472,645.10
6 Gerardo Ablaza (Manila Water)- Php22,645,262.00
7 Philippe Lhuillier (Cebuana Lhuillier) – Php21,645,000.00
8 Victor Angeles – Php21,202,815.34
9 Roberto Panlilio – Php19,613,943.97
10 Felipe Gozon (GMA Network) – Php19,587,983.60
It’s notable that many known Filipino billionaires missed the top 3 even the top 10 of the list, but BIR said there maybe reasons why they are not part of it. TV host Willie Revillame and Pinoy boxer and Saranggani Congressman Manny Pacquiao also missed the list.
As computed from the top 10’s tax amount, BIR have at least collected Php277,485,493.12 million and it will not be impossible to again bridged the trillion mark. I just hope this taxes collected will be translated to government services that the people deserved. Anyways this are people’s taxes, so might as well given back to people via the basic services that government should ensure to be delivered.
For complete list of the top 500 individual tax payers, click here.