1) Manila Electric Company (Meralco)
The country’s largest power distributor is the top corporate income taxpayer in 2014 with P9,686,422,384 in payments.
2) Smart Communications Incorporated
Smart Communications, owned by Philippine Long Distance Telephone Company (PLDT), paid P9,454,958,987 in taxes in 2014.
3) Nestle Philippines Inc.
The consumer goods firm behind brands like Nescafe and Maggi paid taxes amounting to P5,344,461,304 in 2014.
4) Shell Philippines Exploration
Shell Philippines Exploration is the operator of the $2 billion Malampaya natural gas development project. It paid P5,279,514,524 in taxes in 2014.
5) Chevron Malampaya LLC
Chevron Malampaya LLC, a company engaged in mining and oil, paid P5,246,868,478 in taxes in 2014.
6) San Miguel Brewery Inc.
San Miguel Corp. unit San Miguel Brewery paid P4,877,016,491 in taxes in 2014.
7) Globe Telecom Inc.
Telecommunications firm Globe, which is owned by Ayala Corporation and Singapore Telecom, paid taxes amounting to P4,739,277,859 in 2014.
8) Unilever Philippines Inc.
Unilever, a giant in food and beverage and personal care products, paid P3,145,993,160 in taxes in 2014.
9) SM Prime Holdings Inc.
The company behind SM malls paid taxes amounting to P3,129,411,889 in 2014.
10) BDO Unibank Inc.
The SM Group’s BDO Unibank Inc., the country’s largest bank in terms of assets, paid taxes amounting to P3,114,432,080 in 2014.
ABS-CBN NEWS: Which companies paid the most taxes in 2014?
Thursday, Jan 21, 2016