DOF releases Top 500 Corporate Income Tax Payers of 2019
The Department of Finance (DOF) has released the list of top 500 corporate taxpayers for the fiscal year of 2019.
The top of the list include:
- BDO Unibank, Inc.
- Robinsons Land Corporation
- Manila Electric Company “Meralco”
- Bank of the Philippine Islands
- Unilab, Inc.
- Mercury Drug Corporation
- Maynilad Water Services, Inc.
- Metrobank Card Corp
- Globe Telecom, Inc.
- Philippine Ports Authority
Interestingly, tech companies are among the top 20 in the list, including:
- Globe Telecom Inc. (9)
- Innove Communications, Inc. (11)
- Huawei Technologies Philippines Inc. (18)
Finance Secretary Carlos Dominguez the III applauds these companies’ bayanihan spirit, keeping up with the Bayanihan to Heal As One Act (RA 11469) and filing their early ITR payments. By doing so, they have provided the Government with much-needed funds to sustain several of its programs, including the Social Amelioration Program, emergency health measures, and the economic stimulus packages amid the COVID-19 pandemic.
“We hope that the commendable act of these taxpayers would inspire other taxpayers to do the same and contribute to our nation-building as we work together to get the economy back on its feet in the face of the COVID-19 pandemic,” Dominguez added.