Smart leads top corporate taxpayers
MANILA, Philippines - With P10.23 billion total tax payments in 2011, broadband and mobile group Smart Communications, Inc., remained the top corporate taxpayer in the Philippines.
Smart's tax payments that year were more than double the P4.52 billion that rival Globe Telecom paid. Globe ranked 7th, slipping from the 2nd slot in 2009.
However, Smart's payments were less than the P11.46 billion that it paid in 2010. The P1.9 billion gap that Smart paid against the second in the list -- power retailer Manila Electric Co. (Meralco) -- was narrower.
In 2010, Smart paid P7 billion more than Chevron Malampaya, which had ranked 2nd but slipped to the 4th in 2011. The service contractor for the Malampaya Deep Water Gas-to-Power Project paid P6.31 billion in 2011, slightly less than the P6.37 billion that Shell Philippines, another oil player, paid.
The graph below shows the top 20 corporate taxpayers.
Below is the complete list of top 500 corporate taxpayers that the Bureau of Internal Revenue (BIR) released.
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