The Bureau of Internal Revenue (BIR) has recently released their annual list of Top 500 Individual Taxpayers. This list includes prominent names coming from different industries and based on this we compiled our own list of the twelve highest-earning IT executives in the country.
Image Credit: PLDT.com
Author’s note: Estimated annual compensation is based on computed taxable income derived from income tax paid to the BIR in the years 2010-2012. In this list, we included executives that work for IT-related, BPO and the general tech sector.
Manuel V. Pangilinan
Chairman of PLDT-Smart
Chairman of ABC Development Corporation (TV5)
Regular income tax paid: Php26 million
Est. annual taxable income: Php81.23 million
Position on BIR’s list: 4th
Orlando B. Vea
Co-founder, Chief Wireless Adviser of SMART Communications
President and CEO of Sun Cellular
Regular income tax paid: Php16.25 million
Est. annual taxable income: Php50.78 million
Position on BIR’s list: 16th
Ray C. Espinosa
President and CEO of MediaQuest Holdings, Inc.
Regular income tax paid: Php14.48 million
Est. annual taxable income: Php45.26 million
Position on BIR’s list: 20th
Rolando G. Pena
Head – Customer Service Assurance Group at SMART/PLDT
Regular income tax paid: Php10.74 million
Est. annual taxable income: Php33.56 million
Position on BIR’s list: 36th
Ernest Lawrence L. Cu
CEO and President of Globe Telecom
Regular income tax paid: Php9.40 million
Est. annual taxable income: Php29.43 million
Position on BIR’s list: not included in latest list (2011). Placed 128th in 2010.
Eric Ramon O. Recto
Chairman of ISM Communications Corp.
Regular income tax paid: Php9.15 million
Est. annual taxable income: Php28.60 million
Position on BIR’s list: 61st
Richard A. Cohen
Vice President, Asia Factory Operations at Maxim Integrated Products
Regular income tax paid: Php8.63 million
Est. annual taxable income: Php26.97 million
Position on BIR’s list: 74th
Richard V. Bledsoe Jr
Executive Vice President International Sales at TeleTech
Regular income tax paid: Php8.58 million
Est. annual taxable income: Php26.81 million
Position on BIR’s list: 76th
Menardo G. Jimenez Jr
Senior Vice President of PLDT
Regular income tax paid: Php8.52 million
Est. annual taxable income: Php26.62 million
Position on BIR’s list: 77th
Tracey Joy Harrison
Senior Executive at Accenture
Regular income tax paid: Php8.01 million
Est. annual taxable income: Php25.04 million
Position on BIR’s list: 94th
Napoleon L. Nazareno
President and CEO of SMART Communications
Regular income tax paid: Php7.95 million
Est. annual taxable income: Php24.86 million
Position on BIR’s list: 96th
George N. Lim
Senior Vice President of PLDT
Regular income tax paid: Php7.72 million
Est. annual taxable income: Php24.13 million
Position on BIR’s list: 100th
We’d like to clarify that figures above are all based on BIR’s 2010-2011 report on taxes paid. Income derived from other sources (like sale of shares of stocks, real property and dividends) are not included.
* MVP’s income also includes Meralco and Philex Mining Corporation.
* This is not a definitive list. List does not include IT executives where 100% of taxable income is already withheld by their respective companies.
People wag kayo mag away.. remember that we are living in a third world country.. natural lang n mahal ang mga bagay bagay para sa atin kasi sa liit ng sahud at sa laki ng tax.. although true that cheaper and mga bilihin sa pinas comparing sa ibang bansa kasi maliit masyado ang value ng peso sa dollar.. kung totoosin wala panga.. kaya tanggapin nalang kasi ganon talaga..
i think NAPOLES should be on the list HAHAHA!!!
magkapatid po ba sila Orlando B. Vea tsaka Reynaldo B. Vea , ung president and CEO ng Mapua?
baka “sina”, hindi “sila”. tanda mo na di mo pa alam kung kailan ginagamit ang “sila”. :D
bisaya gid…kau na mag-adjust…:-)
Buwan ng wika ngayon kaya ayusin niyo ang paggamit ng tamang lengwahe. :D
Di lang English, pati Filipino, may grammar police… :D
Yes magkapatid sila.
Tignan nyo yung highest income. Halos lahat nasa SMART/GLOBE/PLDT.
Laki laki ng kinikita hindi man lang ma improve yung services nila.
Sobrang mahal pa ng services nila.
Actually, if compared to other Telco Companies on our Region, ours is very very cheap.. :D
cheap? for crappy services? i dont think so..
Even if the other countries would charge higher but their services are far more superior than these money grabbing bastards
Ako kahit papano nagpapasalamat dahil nakakasurf dahil sa murang Internet, imagin sa globe may plan sila na Unlimited internet for one month just for P598 or $14/month. Plan 499 plus supersurf pv999 = P598 lang a month. DITO LANG YAN SA PINAS.
Ampalaya? Sorry ka na lang, poor ka.
Sir Abe, Maxim Integrated is not an IT company it belongs to Semiconductor Industry.
In the author’s note, we specified we’re also including BPO, IT-related and the general tech sector. That includes Accenture, TeleTech and Maxim.
Sana umabot ako jan.
Bong Revilla/Jinggoy Estrada/Juan Ponce Enrile/et al…
Senators of the Philippine Government
Regular income tax paid: Php0
Est. annual taxable income: Php200 million
Position on BIR’s list: -1
These guys don’t pay taxes. Instead, they rip off Filipinos who pay taxes! Sana po ma-alala nyo itong mga hayop na ito sa susunod na senatorial/presidential (oo, yung iba sa kanila may balak pang tumakbo bilang presidente) elections!