Which resort paid P75-M in taxes in 2012?
MANILA, Philippines - As summer ends, the Bureau of Internal Revenue is now taking a closer look on whether the country's top resorts are paying the right taxes.
In its latest Tax Watch ad, the BIR listed some of the most popular resorts in the country, their gross sales and tax payments in 2012.
Shangri-la Mactan Resort & Spa, a favorite among foreign tourists in Cebu, paid P75.06 million in taxes in 2012 on P1.9 billion in gross sales.
Palawan's Miniloc Island Resort (El Nido Resorts) paid P15.38 million in taxes on P417.01 million in gross sales.
Another popular resort Plantation Bay in Mandaue City paid P12.6 million in taxes in 2012 on P549.37 million in gross sales.
Discovery Shores Boracay, one of the most popular resorts in the world-famous island, recorded P366 million in sales and paid P8.4 million in taxes.
Pearl Farm Resort in Davao paid P5.8 million in taxes on P173.78 million in sales.
Misibis Bay Resort in Legaspi paid P1.9 million in taxes on P201.98 million in sales, while Panglao Island Nature Resort & Spa in Bohol paid P1.1 million in taxes on P135.5 million in sales.
On the other hand, Tieza-gardens of Malasag Eco-tourism Village in Cagayan de Oro generated P2.06 billion in revenues, but paid only P271,950 in taxes in 2012.
There were some resorts that did not pay any taxes, such as Isla Jardin Del Mar in General Santos City; The Island Buenavista in west Davao; and Anda White Beach Resort in Tagbiliran City.
Anemone Resort, Badian Island Resort and Bluewater Maribago, all located in Mandaue, did not report any income or taxes in 2012.
Here's the BIR's Tax Watch ad: