Sy-blings top preliminary list of PH’s biggest taxpayers for 2019 | Bilyonaryo Business News

Sy-blings top preliminary list of PH’s biggest taxpayers for 2019

The country’s biggest bank by assets, BDO UniBank led the government’s initial list of top 500 corporate taxpayers for 2019, based on the list posted by the Department of Finance.

Sy-led BDO was among the top corporations that settled 2019 taxes earlier than the June 14 due date, earning Finance Secretary Carlos “Sonny” Dominguez’s good graces.

It was followed by the Gokongwei family’s property arm Robinsons Land Corp., power utility giant Manila Electric Co., Ayala-led Bank of the Philippine Islands, Unilab, Mercury Drug Corp., Maynilad Water Services Inc., Metrobank Card Corp., Globe Telecom, Inc. and Innove Communications.

Rounding out the top 20 include the Philippine Ports Authority, Manila International Airport Authority, Citra Metro Manila Tollways Corp., Zamora-led Taganito Mining Corp., Security Bank Corp., Monde Nissin Corp., tycoon Ramon Ang’s Eagle Cement Corp., Huawei Technologies Phils., Phil Gold Processing & Refining Corp. (PGPRC) and First Gas Power Corp.

The list also included some big individual names — brothers Arthur (#352) and Alfred (#442) Ty, as well as cosmetic surgeon to the stars Dra. Vicki Belo (#384).

A number of foreigners and Japanese expats also made it to the list, mostly holding board-level positions in local companies.

“We hope that the commendable act of these taxpayers would inspire other taxpayers to do the same and contribute to our nation-building as we work together to get the economy back on its feet in the face of the COVID-19 pandemic,” Dominguez said in a statement.

Dominguez said the tax payments would support government efforts in sustaining its social amelioration programs, emergency health measures and the economic stimulus packages amid the global health crisis induced by the coronavirus.

See the full list here:


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