BPO Firms Are Top Tax Payers

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April is the tax month so we decided to check the latest news from BIR, what we found out is that the Bureau has released the list of “TOP 500 NON-INDIVIDUAL TAXPAYERS” which is updated as of March 6, 2015.

Based on BIR’s list Citibank NA emerged as the Top Taxpayer for companies with BPO services in the Philippines. Citibank NA placed 43rd on the list paying more than 839 million pesos. Citibank is followed by Accenture which placed 114; the company paid more than 309 million pesos.

Check out the list below;

RANK	TIN	Company Name	Income Tax Due Php
43	000444734-000	CITIBANK NA	839,428,977.00
114	000845543-000	ACCENTURE, INC.	309,489,217.64
177	000594807-000	DEUTSCHE REGIS PARTNERS, INC.	195,427,301.00
256	239952660-000	JPMORGAN CHASE BANK, N.A.-PHIL GLOBAL SERVICE CTR	128,268,271.00
306	000316497-000	MACQUARIE CAPITAL SECURITIES (PHILIPPINES) INC.	103,125,708.00
311	005035491-000	HSBC SAVINGS BANK (PHILIPPINES) INC	102,370,743.00
364	226444142-000	HEWLETT-PACKARD AP (HONGKONG) LTD-PHIL ROHQ,85	85,093,272.00
366	000161142-000	IBM PHILIPPINES INC	84,759.647.00
478	217569500-000	TELETECH CUSTOMER CARE MANAGEMENT PHILS INC	65,347,927.00
498	402051129-000	TELETECH OFFSHORE INVESTMENTS B.V	62,304,576.00

Based on the Citibank’s website the Philippine serves as a regional hub offering different types of services through;

• Citigroup Business Process Solutions, which provides Business Process Outsourcing, Customer Sales and Service, and other remote services to various Citi operations in the region and in North America;
• Citibank Regional Operating Headquarters, under which the following units operate: Citi Shared Services Asia, a global financial and management reporting center and global payment and employee services center supporting over 60 countries in Asia, Europe, Middle East and Africa; Citi Technology Infrastructure; Citi Learning; Asia Pacific Analytics Center, Asia Pacific Credit Risk Management Services, and Centers of Excellence including compliance, expense management, transactional procurement, and events administration.

Two years ago Deutsche Knowledge Services Pte. Ltd rank first with P116.88 million in income tax paid followed by Accenture with P75.25 million in income tax paid. The other BPO firms and back offices in the country’s top 500 corporate taxpayers based on their 2011 revenues were: Sykes Asia Inc. (No. 343, tax paid at P61.91 million); Hewlett-Packard Asia-Pacific (Hong Kong) Ltd.-Regional Operating Headquarters (No. 354, P60.53 million); Citibank N.A.-Regional Operating Headquarters (No. 408, P49.37 million); and NCR Cebu Development Center Inc. (No. 465, P42.96 million).

Reviewing the list made me wonder why some of the Top BPO Companies were not included in the list however, this just confirms that the BPO Industry is one of the driving factors of the Philippine economy with a goal of 1.3 million jobs and $25 billion in revenues or 8 percent of gross domestic product (GDP) by next year.

The Top 10 Philippine Company Tax Payers are:

 1  SMART COMMUNICATIONS INCORPORATED 10,891,060,270.00
 2  MANILA ELECTRIC COMPANY "MERALCO" 9,690,010,751.00
 3  SAN MIGUEL BREWERY INC. 4,879,126,836.00
 4  NESTLE PHILIPPINES INC 4,810,786,896.00
 5  CHEVRON MALAMPAYA LLC 4,516,541,678.00
 6  SHELL PHILIPPINES EXPLORATION, B.V, 4,483,594,717.00
 7  GLOBE TELECOM, INC. 4,002,879,260.00
 8  PMFTC INC 3,422,148,766.00
 9  CHEMWEALTH INC 2,908,993,296.00
10 SM PRIME HOLDINGS, INC. 2,777,117,395.00

In case you are also interested to see the top Individual Tax Payers check out the list below;

Rank	Name	Tax Due
1	Pacquiao, Emmanuel Dapidran	163,841,863.00
2	Alcantara, Juanito Pornuevo	99,612,000.00
3	Mendoza, Estelito P	73,185,375.00
4	Chico, Reynaldo Jr Benoza	67,340,888.00
5	Tan, Andrew Lim	67,184,002.00
6	Tan, Lorenzo Villanueva	60,894,276.00
7	Alvarez, Jose Chavez	55,627,417.00
8	Azcona, Vivian Que	51,617,174.69
9	Reyes, Oscar Sison	51,440,314.00
10	Ayllon, Vicente Rafael Munoz	50,088,841.00
11	Soliman, Ronaldo Romero	46,636,876.00
12	Ang, Ramon See	46,471,324.00
13	Baja Jr., Lauro Liboon	45,194,110.60
14	Pascual, Piolo Jose Nonato	42,533,158.00
15	Cruz, John Lloyd Espidol	41,976,592.00
16	Aquino, Kristina Bernadette Cojuangco	40,481,146.00
17	Lopez, Federico Rufino	39,899,018.00
18	Angeles, Victor Manguera	39,762,021.00
19	Pangilinan, Sharon Cuneta	39,049,235.00
20	Revillame, Wilfredo Buendia	38,305,824.00

source : http://www.bir.gov.ph/index.php/top-taxpayers.html