2012 Top 500 Individual Taxpayers Released by the BIR

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Yesterday, October 14, 2013, the Bureau of Internal Revenue (BIR) released the list of top 500 individual taxpayers.  The list was topped Vivian Que-Azcona who is said to be the owner of Mercury Drug drugstore chain replacing Kris Aquino who topped the said list in 2011.

Knowing More of the Top Ten

According to ABS-CBN, in its post via www.abs-cbnnews.com, following are the top ten personalities:

Topping the Bureau of Internal Revenue (BIR) list of top taxpayers of 2012 is Vivian Que-Azcona, owner of the country’s biggest drugstore chain Mercury Drug. Que-Azcona, who is the 19th richest in the country according to Forbes magazine, paid P131.4 million in income taxes in 2012. Forbes estimates her net worth at $840 million.Taxes

She unseated Kris Aquino, who topped the BIR’s list of top taxpayers in 2011. Aquino, the youngest sister of President Aquino and a popular television personality, ranked sixth (P44.9 million) in the BIR’s 2012 list of top taxpayers.

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Controversial TV host Willie Revillame paid the second highest individual income taxes in the country in 2012, with P63.9 million.

Third on the list was top corporate lawyer and San Miguel Corp. director Estelito P. Mendoza (P53.59 million) and fourth was Insular Life Chairman Vicente Rafael M. Ayllon (P52.3 million).

A certain Gerardo Sebastian Baes (P47.9 million) was the fifthlargest taxpayer. Ranked seventh was a certain Ronaldo R. Soliman, who paid P43.3 million.

Celebrities John Lloyd Cruz (P42.79 million) and Sharon Cuneta-Pangilian (P42.02 million) ranked 8th and 9th respectively.

On 10th place was businessman Fernando Zobel de Ayala with (P40.8 million). His older brother Jaime Augusto Zobel de Ayala ranked 11th with P40.77 million in taxes.

Who are the Top 50?

RANK TIN TAXPAYER NAME REGULAR INCOME TAXES PAID 
1 134757767-000 AZCONA VIVIAN QUE        131,434,036.34
2 118285820-000 REVILLAME WILFREDO BUENDIA           63,901,751.38
3 106190582-000 MENDOZA ESTELITO P           56,594,822.00
4 123034938-000 AYLLON VICENTE RAFAEL MUNOZ           52,307,151.79
5 902938421-000 BAES GERARDO SEBASTIAN           47,900,143.00
6 101717443-000 AQUINO KRISTINA BERNADETTE COJUANGCO           44,933,335.05
7 103930126-000 SOLIMAN RONALDO ROMERO           43,304,744.29
8 904905084-000 CRUZ JOHN LLOYD ESPIDOL           42,791,354.17
9 206489540-000 PANGILINAN SHARON CUNETA           42,025,524.05
10 104104067-000 ZOBEL DE AYALA FERNANDO MIRANDA           40,846,038.15
11 104145637-000 ZOBEL DE AYALA JAIME AUGUSTO II MIRANDA           40,777,882.37
12 125960003-000 TAN ANDREW LIM           39,605,000.00
13 205575633-000 NELSON CHRISTOPHER T           39,209,327.39
14 247544114-000 TRAN TUAN PHUOC           38,407,634.34
15 102210047-000 ANGELES VICTOR MANGUERA           38,309,545.38
16 106905603-000 ORTIZ JUSTO ABOITIZ           33,675,230.78
17 102829530-000 LOPEZ OSCAR MORENO           33,473,846.21
18 900036442-000 TAN LORENZO VILLANUEVA           33,161,541.53
19 108727097-000 AQUINO ANTONINO T           32,939,539.88
20 135558086-000 MONTINOLA III AURELIO REYES           30,053,432.31
21 104113818-000 LHUILLIER PHILIPPE JONES           29,565,000.00
22 106906639-000 VALDEPENAS VICTOR BUNUAN           28,095,895.62
23 146555136-000 CASAS CARMELOP TOPACIO           27,558,792.55
24 243675682-000 NGUYEN VINCENT THONG           26,681,133.20
25 102829522-000 LOPEZ FEDERICO RUFINO           26,678,793.31
26 232707824-000 BAJA LAURO III CASTRO           26,273,234.56
27 107169884-000 ABLAZA GERARDO JR CINCO           26,111,072.69
28 104006074-000 LAO VICENTE TAN           25,076,234.69
29 253047380-000 CABALUNA PATRICIA B           25,027,614.94
30 914481801-000 PANGILINAN MANUEL VELEZ           24,671,703.10
31 103715862-000 ABOITIZ ERRAMON ISIDRO MENDIETA           24,310,365.49
32 200783355-000 AGONCILLO JUDY ANNE SANTOS           24,086,982.57
33 126715389-000 LHUILLIER JEAN HENRI DIAGO           23,831,656.00
34 153950198-000 PASCUAL PIOLO JOSE NONATO           23,356,976.00
35 294346776-000 CORDOVA RODRIGO CAL           22,458,999.28
36 915676235-000 PACQUIAO EMMANUEL DAPIDRAN           22,381,304.91
37 279718146-000 SCHULTZ WILLIAM           22,183,137.00
38 126818103-000 UNGSON RAFAEL EDMUN ANDRADE           21,921,278.58
39 106968932-000 CRUZ ENRICO SALONGA           21,861,413.60
40 289723471-000 JANSEN ANTHONIE           21,503,909.93
41 106174605-000 GOZON FELIPE LAPUS           20,905,147.92
42 910435875-000 PUNO FRANCIS GILES BLANCO           20,817,833.18
43 102871235-000 LOPEZ III EUGENIO LAO           20,758,950.80
44 222762676-000 RANOLLO PHYLBERT ANGELIE ESCALANTE           20,746,366.45
45 147752164-000 MACALE MICHAEL ANGELO BADURIA           20,617,256.00
46 233145368-000 GAULT JOSEPH MITCHELL           20,364,846.24
47 108975971-000 CO LUCIO LAO           19,763,899.00
48 116222836-000 CU ERNEST LAWRENCE LIM           19,549,777.00
49 110863960-000 BATE CONRADO FABELLA           19,318,551.57
50 222881683-000 CURTIS-SMITH ANNE OJALES           19,166,758.64

Completing the List of Top 500

To see the complete list of top 500 individual taxpayer for the taxable year 2012, please download the file by clicking This Link or download it directly from the BIR website by clicking, Here!

Personally, I am a bit surprised that some of the owners of the top 10 corporations were not included in the list.  You might also think the same.  Well, these individuals might be managing there taxes by limiting the distribution of their respective companies’ distributable profits.  This is a legal way of managing taxes provided that their companies are only retaining surplus profits within the limits prescribed by the law.  Otherwise, they may be assessed of improperly accumulated earnings tax which may compel them to just distribute those retained earnings.

The 2011 Top 10 Individual Taxpayers

In 2011, Top 10 among the top 500 in the list of the individual taxpayers are:

  1. AQUINO KRISTINA BERNADETTE COJUANGCO
  2. REICHOW GREGORY DEANE
  3. BAJA JR LAURO LIBOON
  4. PANGILINAN MANUEL VELEZ
  5. MONTINOLA III AURELIO REYES
  6. ABLAZA GERARDO JR CINCO
  7. LHUILLIER PHILIPPE JONES
  8. ANGELES VICTOR MANGUERRA
  9. PANLILIO ROBERTO LAZATIN
  10. GOZON FELIPE LAPUS

To read more about BIR Top 500 Individual and Non-individual Taxpayers for 2011Click Here.


Disclaimer: Opinions expressed in this article are that of the author and information provided are for general conceptual guidance for public information and are not substitute for expert advice. Contact support@philcpa.org for more information and if you want to avail professional services. Find us on Facebook!



Orlando Calundan is a CPA who has exposures in FS audit of entities in various industries such as real estate, food/restaurants, manufacturing, service organizations and BPOs, automotive, holding/investment companies and more. He also has exposure on internal audit engagements.

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