No Forbes billionaires on top 10 taxpayers list

Posted at 04/04/2012 12:57 AM | Updated as of 04/04/2012 11:20 AM

MANILA, Philippines - Rich Filipinos on Forbes magazine's latest list of the world's billionaires are not on list of the top 10 individual taxpayers for 2010.

The list is topped by businessman Vicente Tan Lao (P75.3 million income tax payments), followed by Rolando Bonifacio Hortaleza of Splash Corporation (P69.7 million), and movie director Carlo J. Caparas (P65.7 million).

Caparas was indicted for tax evasion by the Department of Justice last year. He had an estimated tax deficiency of over P100 million from 2006 to 2009.

Martin Oniel is in fourth place with P60.5 million in income taxes paid, while Mercury Drug's Vivian Que Azcona is in fifth place (P52 million).

The others on the top 10 are:

6. Gregory Deane Reichow, P48 million

7. Napoleon Logarta Nazareno, P44.6 million

8. Orlando Banzon Vea, P40.3 million

9. Daniel Edmund Chalmers, P39.8 million

10. Ronaldo Romero Soliman, P39.8 million

Nazareno and Vea are executives at Smart Communications, which topped the non-individual taxpayers for the year.

Chevron and Shell were the second and third top corporate taxpayers.

The top 5 non-individual taxpayers for 2010 are:

1. Smart Communications,  P11.5 billion

2. Chevron Malampaya,  P4.4 billion

3. Shell Philippines Exploration, P4.3 billion

4. Nestle Philippines, P4.3 billion

5. San Miguel Brewery, P4.2 billion

Vea and Nazareno's boss, Manny Pangilinan, only ranked 43rd on the individual list.

His fellow billionaires Jaime Zobel de Ayala, Henry Sy, and Lucio Tan were also absent from the Bureau of Internal Revenue's (BIR) top 10 list.

BIR Commissioner Kim Henares, meanwhile, said the rankings are not important.

"Hindi naman ho importante na makasama kayo sa top taxpayers," she said.

"Ang importante eh kung nagbabayad ba ho ba tayo ng tamang buwis," Henares said.

She urged the public to file their tax returns for 2011 before the April 15 deadline lapses this year. - with ANC
 

Top 500 Individual Taxpayers 2010

Top 500 Corporate Taxpayers 2010