Jollibee branch paid more taxes than hotel - BIR
MANILA, Philippines - Only six restaurants in Manila paid more than a million in income taxes in 2011, according to the Bureau of Internal Revenue (BIR).
In its latest Tax Watch ad, the BIR said Courseline Cafe, located in Malate, topped the 2011 list of restaurant taxpayers in Manila. The cafe paid P1.93 million in taxes in 2011.
Five of the restaurants that paid more than P1 million in taxes were located in the Intramuros-Ermita-Malate area.
The Jollibee branch in Vito Cruz paid the second highest taxes in the city with P1.33 million. This was more than Bayview Park Hotel which paid P1.2 million.
AVM Business Specialists, a Figaro Coffee franchisee, paid P1.19 million in taxes, followed by Romelie's Coffee shop with P1.07 million in taxes.
Metrocircles Inc was the only Binondo restaurant whose taxes reached more than a million, paying P1.2 million in taxes .
The Tax Watch ad identified the top 20 restaurant taxpayers in six revenue districts, Paco-Pandacan-Sta.Ana-San Andres; Intramuros-Ermita-Malate; Binondo; Quiapo-Sampaloc-Sta. Mesa-San Miguel; San Nicolas-Tondo; and Sta. Cruz.
The income taxes are based on tax returns filed by taxpayers registered under PSIC codes 5521 (restaurants, cafes and fastfood center) and 5529 (restaurants, bars, canteens, eating and drinking places).
Here is the full list of 2011 Top Restaurant Taxpayers in Manila: