Which car company is a top PH taxpayer?

MANILA, Philippines – The Bureau of Internal Revenue (BIR) has released a list of top car manufacturers, importers and distributors and the corresponding 2012 income tax dues of these companies to determine if they have been paying the right taxes.

In its latest Tax Watch ad, BIR revealed that Toyota Motor Philippines Corp. and its luxury vehicle arm Lexus Manila Inc. sold the most units and at same time paid the most taxes in 2012.

Toyota and Lexus sold 65,396 units and paid a total of P1.37 billion in income taxes.

Mitsubishi Motors Philippines Corp., which sold 34,915 units, is the second top taxpayer among car brands with P455.29 million taxes paid in 2012.

Hyundai Asia Resources Inc. sold the third most units at 21,996 and paid P234.61 million in taxes.

Honda Cars Philippines came in fourth in units sold, but only paid P25.115 million in taxes. Honda was the only car company listed in the top 5 in sales but failed to make it in the top 5 in taxes paid.

Isuzu Philippines Corp. paid more taxes than Honda at P100.31 million despite selling fewer units at 11,759.

The BIR said the list of top brands based on sales was posted on the website of Top Gear Philippines.

source: www.abs-cbnnews.com

Top taxpayer Kim Chiu warns Napoles

MANILA -- Actress Kim Chiu warned Janet Lim-Napoles, the businesswoman implicated in the P10-billion pork barrel scam, that angered taxpayers including herself are out to find her.

"Lahat naman siguro ng mga tao, pag makita nila [si Napoles], papatayin na nila eh," the 23-year-old actress said, laughing, when asked for her thoughts on Napoles and her alleged part in the controversial scam.

On Wednesday, President Benigno Aquino III said the government has put up a P10-million reward leading to the arrest of Napoles, who is wanted for the illegal detention case filed against her and her brother Reynald Lim by former employee and whistleblower Benhur Luy.

Expressing support for the massive anti-pork barrel rally held last Monday, Chiu added, "Kahit wala ako do'n, ramdam ko naman 'yung iba, galit, naiiyak sa galit. Siyempre hindi biro ang pera, pinaghirapan mo 'yon and then mapupunta lang sa mga taong hindi karapat-dapat."

Chiu, who is seen as a prized talent of ABS-CBN, lamented the alleged misuse of the Priority Development Assistance Fund (PDAF), noting the amount of tax celebrities like herself pay the government.

"Ibang klase naman 'yung binabayad naming tax, at hindi namin alam kung saan napupunta," Chiu said shortly after a press conference held Tuesday for her month-long starring stint in the weekend fantasy anthology "Wansapantaym."

In a report released by the Bureau of Internal Revenue in April, Chiu was named as one of the top individual taxpayers in the country, placing 133rd overall with P6.7 million in regular income tax paid in 2011.

"Sana, 'yun nga, clean government. And 'yung 'Million People March,' isa lang 'yung sa mga [paraan] na pinapakita ng mga Pilipino na, 'Hustisya naman para sa amin,'" she said.

No to politics

Asked if she would be willing to enter politics to actively address the problem, Chiu said, "Hindi ko kaya!"

"Wala akong enough knowledge na hawakan 'yung sambayanang Pilipino, hindi. Ang gusto ko lang tumulong, in my own little way. 'Yun lang," said the actress, who actively took part in relief operations for the victims of the recent floods that hit Metro Manila and surrounding provinces.

Addressing criticisms for the supposed publicity she gets from photos showing her engaged in various charity events, Chiu shrugged off her "bashers," saying such posts on social media can help encourage others to join her cause.

"Siguro sa aming mga artista, it's a way of telling the people na, 'Hoy, kayo, tumulong na rin kayo.' Dahil sa social media, sa Instagram, marami kaming mga followers, and 'yung mga followers na 'yon -- 'yung iba do'n basher -- 'yung iba do'n na-inspire mo na tumulong din sila.

"Hindi ko naman gusto na picture-an 'yung sarili ko. Pero merong mga taong nagpo-post, 'Ay ako din, parang gusto ko rin tumulong.' So it's to inspire people, not to publicize yourself," she said.

source: www.abs-cbnnews.com

Kris Aquino is top taxpayer of 2011; PH billionaires not in top 10

MANILA, Philippines - Celebrity Kris Aquino is the number one taxpayer in the country, beating out the country's billionaires, according to data from the Bureau of Internal Revenue (BIR).

Aquino, the youngest sister of President Benigno Aquino, paid nearly P50 million in income taxes in 2011.

The BIR on Monday released its list of Top 500 individual taxpayers for 2011. The list includes familiar names from business and entertainment, as well as not-so-familiar names. (For the full list, click here)

Prominent businessman Manuel V. Pangilinan ranked fourth with P25.99 million. Executives from Ayala companies were also top taxpayers, such as Bank of the Philippine Islands president Aurelio Montinola III (P24.47 million) and Manila Water president Gerardo Ablaza (P22.64 million).

Foreign Affairs Secretary Albert del Rosario ranked 118th with P7.1 million in income tax payment in 2011.

Where are the billionaires?

Interestingly, the country's billionaires were not in the Top 10.

Mall tycoon Henry Sy, Sr., who was named the richest man in the Philippines by Forbes magazine, ranked 15th on the BIR list with P16.58 million income tax. His son Hans Sy ranked 22nd with P13.4 million income tax, while daughter Teresita Sy ranked 83rd, paying P8.3 million in income tax in 2011.

Tycoon Lucio Tan, the second richest in the Philippines according to Forbes, only ranked 35th in BIR's list, paying P10.78 million in income tax.

Tan paid less than his lawyer Estelito Mendoza, who ranked 14th with tax payment of P 17.63 million.

David Consunji and family, whose net worth was estimated by Forbes at $2.8 billion, ranked 176th, paying P5.9 million in 2011.

However, other tycoons such as Enrique Razon, Jr. ($4.9 billion), Andrew Tan ($3.95 billion), George Ty and family ($2.6 billion), Lucio and Susan Co ($2 billion), Robert Coyiuto, Jr. ($1.6 billion),Tony Tan Caktiong and family ($1.4 billion), Andrew Gotianun and family ($1.2 billion), and Roberto Ongpin ($1.2 billion) were nowhere on the BIR's list.

Celebrities on the list

Aside from Aquino, several celebrities also made the BIR's list of top individual taxpayers. TV host and actor Marvic "Vic" Sotto paid P14.72 million in taxes, ranking 19th. Actor Derek Ramsey ranked 120th, paying P7 million in taxes.

Willie Revillame ranked 181th (P5.8 million), while Ogie Alcasid ranked 184th (P5.8 million). Sharon Cuneta ranked 191st, paying P5.74 million in taxes in 2011.

John Lloyd Cruz ranked 205th, paying P5.4 million in income tax.

Boxing champ Manny Pacquiao ranked 158th, paying only P6.1 million in income tax in 2011.

Top corporate taxpayers

Smart Communications topped the BIR's list of top non-individual taxpayers in 2011, with P10.23 billion in income tax. Manila Electric Company (Meralco) ranked second with P8.3 billion in taxes, followed by Shell Philippines (P6.36 billion), Chevron Malampaya (P6.3 billion) and Nestle Philippines (P4.8 billion).

San Miguel Brewery ranked 6th (P4.77 billion), followed by Globe Telecom (P4.52 billion), tobacco giant PMFTC (P3.7 billion), Petron Corp. (P2.62 billion) and Philex Mining (P1.87 billion).

source: www.abs-cbnnews.com