Kris Aquino dethroned as individual top tax payer of the Philippines

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Kris_Aquino_Top_Tax_PayersThe 2011 top individual tax payer of the country, Kris Aquino, slipped to 6th place at the recently released list of individual tax payers for year 2012.

Topping the list is not a celebrity nor a prominent business personality, but the owner of the country’s biggest drugstore chain Mercury Drug, Vivian Que-Azcona.

Que-Azcona is the 19th richest in the country according to Forbes magazine with an estimated net worth of $840 million. She paid 131,434,036.34 million pesos of taxes for year 2012, more than half of the 63,901,751.38 million pesos of taxes paid by 2nd individual tax payer, controversial TV host Willie Revillame.

Third on the list was top corporate lawyer and San Miguel Corp. director Estelito P. Mendoza (P53.59 million) and fourth was Insular Life Chairman Vicente Rafael M. Ayllon (P52.3 million).

Gerardo Sebastian Baes, an Art Director took the 5th spot with (P47.9 million).

The unseated Kris Aquino, who topped the BIR’s list of top taxpayers in 2011, only ranked 6th with P44.9 million in the BIR’s 2012 list of top taxpayers.

Ranked seventh is Ronaldo R. Soliman who is into property valuation. He paid P43.3 million this year.

Celebrities John Lloyd Cruz (P42.79 million) and Sharon Cuneta-Pangilian (P42.02 million) ranked 8th and 9th respectively.

On 10th place was businessman Fernando Zobel de Ayala with (P40.8 million). His older brother Jaime Augusto Zobel de Ayala ranked 11th with P40.77 million in taxes.

The country’s richest tycoons on the other hand were not in the top spots of BIR’s list. Henry Sy Sr., Philippines’ richest man according to Forbes, paid P16.4 million in income taxes to land at 74th on BIR’s list; while Tobacco king Lucio Tan, the country’s second richest man, paid P12 million in income taxes, landing him on 138th place.

Other celebrities who made it among the top in the ranking are (32nd) Judy Anne Santos Agoncillo with 24 million, (34th) Piolo Pascual with 23.4 million, (50th) Anne Curtis with 19.2 million, (59th) Sarah Geronimo with 18.3 million, (60th) Robin Padilla with 18.2 million, (68th) and Derek Ramsay with 16.7 million.

Here’s the list of the top 50 individual tax payers of the Philippines:

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