12 Top-Earning IT/Tech Executives in the Philippines

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: Php26USD 0.44INR 38EUR 0.42CNY 3 million
Est. annual taxable income: Php81.23USD 1INR 117EUR 1CNY 10 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: Php16.25USD 0.28INR 23EUR 0.26CNY 2 million
Est. annual taxable income: Php50.78USD 0.87INR 73EUR 0.82CNY 6 million
Position on BIR’s list: 16th

Ray C. Espinosa
President and CEO of MediaQuest Holdings, Inc.
Regular income tax paid: Php14.48USD 0.25INR 21EUR 0.24CNY 2 million
Est. annual taxable income: Php45.26USD 0.77INR 65EUR 0.73CNY 6 million
Position on BIR’s list: 20th

Rolando G. Pena
Head – Customer Service Assurance Group at SMART/PLDT
Regular income tax paid: Php10.74USD 0.18INR 16EUR 0.17CNY 1 million
Est. annual taxable income: Php33.56USD 0.57INR 48EUR 0.54CNY 4 million
Position on BIR’s list: 36th

Ernest Lawrence L. Cu
CEO and President of Globe Telecom
Regular income tax paid: Php9.40USD 0.16INR 14EUR 0.15CNY 1 million
Est. annual taxable income: Php29.43USD 0.50INR 43EUR 0.48CNY 4 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: Php9.15USD 0.16INR 13EUR 0.15CNY 1 million
Est. annual taxable income: Php28.60USD 0.49INR 41EUR 0.46CNY 4 million
Position on BIR’s list: 61st

Richard A. Cohen
Vice President, Asia Factory Operations at Maxim Integrated Products
Regular income tax paid: Php8.63USD 0.15INR 12EUR 0.14CNY 1 million
Est. annual taxable income: Php26.97USD 0.46INR 39EUR 0.44CNY 3 million
Position on BIR’s list: 74th

Richard V. Bledsoe Jr
Executive Vice President International Sales at TeleTech
Regular income tax paid: Php8.58USD 0.15INR 12EUR 0.14CNY 1 million
Est. annual taxable income: Php26.81USD 0.46INR 39EUR 0.44CNY 3 million
Position on BIR’s list: 76th

Menardo G. Jimenez Jr
Senior Vice President of PLDT
Regular income tax paid: Php8.52USD 0.15INR 12EUR 0.14CNY 1 million
Est. annual taxable income: Php26.62USD 0.45INR 38EUR 0.43CNY 3 million
Position on BIR’s list: 77th

Tracey Joy Harrison
Senior Executive at Accenture
Regular income tax paid: Php8.01USD 0.14INR 12EUR 0.13CNY 0.99 million
Est. annual taxable income: Php25.04USD 0.43INR 36EUR 0.41CNY 3 million
Position on BIR’s list: 94th

Napoleon L. Nazareno
President and CEO of SMART Communications
Regular income tax paid: Php7.95USD 0.14INR 11EUR 0.13CNY 0.99 million
Est. annual taxable income: Php24.86USD 0.42INR 36EUR 0.40CNY 3 million
Position on BIR’s list: 96th

George N. Lim
Senior Vice President of PLDT
Regular income tax paid: Php7.72USD 0.13INR 11EUR 0.13CNY 0.96 million
Est. annual taxable income: Php24.13USD 0.41INR 35EUR 0.39CNY 3 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.

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