Smart Communications Inc. was the country’s largest corporate income taxpayer in 2013, according to the Bureau of Internal Revenue (BIR).
Smart was the top corporate taxpayer in 2013 after paying an income tax due of P10.891 billion, according to the BIR’s list of the Top 500 Non-individual Taxpayers.
The telecommunications company bested Manila Electric Co. (Meralco), which ranked second after remitting P9.690 billion to the BIR in 2013.
Ranked third in the 2013 list is beer-maker San Miguel Brewery Inc., which remitted P4.879 billion to the BIR for that taxable year.
Ranked fourth and fifth are Nestle Philippines Inc. and Chevron Malampaya LLC. Nestle paid income taxes worth P4.810 billion, while Chevron turned in P4.516 billion to the government. Shell Philippines Exploration, B.V. ranked sixth with income taxes reaching P4.483 billion, ahead of Globe Telecom Inc., which turned in P4.002 billion to the BIR. Cigarette giant Philip Morris Fortune Tobacco Corp. Inc. ranked eight after paying P3.422 billion in income taxes, while
Chemwealth Inc. placed ninth after remitting P2.908 billion to the BIR. The country’s biggest mall developer, SM Prime Holdings Inc, rounded up the list of top 10 corporate taxpayers with a tax bill reaching P2.777 billion for 2013.
Other top corporate taxpayers included in the list were Philippine Amusement and Gaming Corp., Metro Rail Transit Corp., LandBank of the Philippines, Emperador Distillers Inc., Unilever Philippines Inc., Manila Water Co. Inc., Holcim Philippines Inc., Monde Nissin Corp., Toyota Motor Phils Corp., and Ayala Land Inc.