Mercury Drug owner top taxpayer for 2012


The owner of the country’s biggest drugstore chain was the top taxpayer in 2012, data from the Bureau of Internal Revenue (BIR) showed on Monday.

Kris Aquino, the country’s top taxpayer in 2011, slid to sixth place in last year’s list.

Paying an income tax of P131.43 million last year, Mercury Drug owner Vivian Que-Azcona emerged as the top taxpayer in the BIR’s list of Top 500 Individual Taxpayers for Taxable Year 2012.

Second on the list was TV host Willie Revillame with P63.9 million, while San Miguel Corp. Director Estelito Mendoza came in at third spot with P53.59 million.

The fourth top taxpayer was Insular Life Chairman Vicente Rafael Ayllon with P52.3 million, while a certain Gerardo Sebastian Baes, who paid P47.9 million in taxes, was the fifth largest taxpayer.

Kris Aquino dropped to sixth place with P44.93 million. Ranked seventh was a certain Ronaldo Soliman, who paid P43.3 million.
At eighth place was actor John Lloyd Cruz, P42.79 million, followed by megastar Sharon Cuneta who paid P42.02 million.

Businessmen Fernando Zobel de Ayala and older brother Jaime Augusto Zobel de Ayala ranked 10th and 11th with P40.77 million and P40.84 million in taxes paid, respectively. Ayala Land President Antonino Aquino was at 19th place with P32.93 million in taxes paid.

Meanwhile, other prominent names that were included in the list were Megaworld founder Andrew Tan at 12th place who paid P39.6 million; Chairman Emeritus of the Lopez Group Oscar Lopez at 17th place with P33.47 million, and ABS-CBN Chairman Eugenio Lopez 3rd at 43rd place, P20.75 million.

Rizal Commercial Banking Corp. President Lorenzo Tan was at 18th place, having paid P33.16 million, while Bank of the Philippine Islands President Aurelio Montinola was at 20th with P30.05 million.

Union Bank of the Philippines officials Justo Ortiz and Victor Valdepenas were at 16th and 22nd places paying P33.67 million and P28.09 million, respectively.

Philippine Long Distance Telephone Co. Manuel Pangilinan was at 30th place having shelled out P24.67 million, while Globe President and Chief Executive Officer Ernest Cu was at 48th with P19.54 million.

Philippine port magnate Enrique Razon Jr. was at 52nd place with P19.02 million, while SM Group’s Henry Sy Sr. and son Henry Jr. were at 74th and 73rd place with P16.4 million and P16.46 million in taxes paid, respectively.

On the other hand, various celebrities who made it to the top list were Piolo Pascual (34th), Manny Pacquiao (36th), Anne Curtis (50th), Robin Padilla (60th), Derek Ramsay (68th) and Vic Sotto (89th).


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