2012 Top 500 Individual Taxpayers Released by the BIR

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.

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?

RANKTINTAXPAYER NAMEREGULAR INCOME TAXES PAID 
1134757767-000AZCONA VIVIAN QUE       131,434,036.34
2118285820-000REVILLAME WILFREDO BUENDIA          63,901,751.38
3106190582-000MENDOZA ESTELITO P          56,594,822.00
4123034938-000AYLLON VICENTE RAFAEL MUNOZ          52,307,151.79
5902938421-000BAES GERARDO SEBASTIAN          47,900,143.00
6101717443-000AQUINO KRISTINA BERNADETTE COJUANGCO          44,933,335.05
7103930126-000SOLIMAN RONALDO ROMERO          43,304,744.29
8904905084-000CRUZ JOHN LLOYD ESPIDOL          42,791,354.17
9206489540-000PANGILINAN SHARON CUNETA          42,025,524.05
10104104067-000ZOBEL DE AYALA FERNANDO MIRANDA          40,846,038.15
11104145637-000ZOBEL DE AYALA JAIME AUGUSTO II MIRANDA          40,777,882.37
12125960003-000TAN ANDREW LIM          39,605,000.00
13205575633-000NELSON CHRISTOPHER T          39,209,327.39
14247544114-000TRAN TUAN PHUOC          38,407,634.34
15102210047-000ANGELES VICTOR MANGUERA          38,309,545.38
16106905603-000ORTIZ JUSTO ABOITIZ          33,675,230.78
17102829530-000LOPEZ OSCAR MORENO          33,473,846.21
18900036442-000TAN LORENZO VILLANUEVA          33,161,541.53
19108727097-000AQUINO ANTONINO T          32,939,539.88
20135558086-000MONTINOLA III AURELIO REYES          30,053,432.31
21104113818-000LHUILLIER PHILIPPE JONES          29,565,000.00
22106906639-000VALDEPENAS VICTOR BUNUAN          28,095,895.62
23146555136-000CASAS CARMELOP TOPACIO          27,558,792.55
24243675682-000NGUYEN VINCENT THONG          26,681,133.20
25102829522-000LOPEZ FEDERICO RUFINO          26,678,793.31
26232707824-000BAJA LAURO III CASTRO          26,273,234.56
27107169884-000ABLAZA GERARDO JR CINCO          26,111,072.69
28104006074-000LAO VICENTE TAN          25,076,234.69
29253047380-000CABALUNA PATRICIA B          25,027,614.94
30914481801-000PANGILINAN MANUEL VELEZ          24,671,703.10
31103715862-000ABOITIZ ERRAMON ISIDRO MENDIETA          24,310,365.49
32200783355-000AGONCILLO JUDY ANNE SANTOS          24,086,982.57
33126715389-000LHUILLIER JEAN HENRI DIAGO          23,831,656.00
34153950198-000PASCUAL PIOLO JOSE NONATO          23,356,976.00
35294346776-000CORDOVA RODRIGO CAL          22,458,999.28
36915676235-000PACQUIAO EMMANUEL DAPIDRAN          22,381,304.91
37279718146-000SCHULTZ WILLIAM          22,183,137.00
38126818103-000UNGSON RAFAEL EDMUN ANDRADE          21,921,278.58
39106968932-000CRUZ ENRICO SALONGA          21,861,413.60
40289723471-000JANSEN ANTHONIE          21,503,909.93
41106174605-000GOZON FELIPE LAPUS          20,905,147.92
42910435875-000PUNO FRANCIS GILES BLANCO          20,817,833.18
43102871235-000LOPEZ III EUGENIO LAO          20,758,950.80
44222762676-000RANOLLO PHYLBERT ANGELIE ESCALANTE          20,746,366.45
45147752164-000MACALE MICHAEL ANGELO BADURIA          20,617,256.00
46233145368-000GAULT JOSEPH MITCHELL          20,364,846.24
47108975971-000CO LUCIO LAO          19,763,899.00
48116222836-000CU ERNEST LAWRENCE LIM          19,549,777.00
49110863960-000BATE CONRADO FABELLA          19,318,551.57
50222881683-000CURTIS-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.

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