MANILA, Philippines (CORRECTED) - Only 25 out of the 40 richest Filipinos are in the Bureau of Internal Revenue's list of top individual income taxpayers for 2012.
In its latest Tax Watch ad, the BIR noted how 15 tycoons and businessmen, who were included in Forbes magazine's list of 40 richest Filipinos for 2012, were not top taxpayers for the same year.
Among those missing from the BIR's list are:
- Eduardo "Danding" Cojuangco Jr. - $1.4 billion net worth according to Forbes (10th on Forbes' list);
- Ayala Corp.'s Iñigo and Mercedes Zobel - $1.15 billion (14th);
- Filinvest's Andrew Gotianun - $825 million (17th);
- Vista Land founder Manuel Villar $720 million (18th);
- RCBC's Alfonso Yuchengco and family - $570 million (21st)
- Unilab's Mariano Tan Jr. - $420 million (22nd)
- Aboitiz group's Enrique Aboitiz - $400 million (23rd)
- GMA Network's Menardo Jimenez - $265 million (27th)
- Atlas Mining's Alfredo Ramos and family - $250 million (30th)
- BDO's Juliette Romualdez - $200 million (35)
- Rustans' Bienvenido Tantoco and family $195 million (36)
- Rebisco's Jacinto Ng Sr - $190 million (37th)
- Alsons' Tomas Alcantara and family $160 million (38th)
- Megawide's Michael Cosiquien - $150 million (39th)
- Mang Inasal founder Edgar Sia - $140 million (40th)
In the same Tax Watch ad, the BIR said mall tycoon Henry Sy and his family paid a combined P93.75 million (not billion as earlier reported) in income taxes in 2012.
Henry Sy Sr., the Philippines' richest man according to Forbes magazine, ranked 74th in the BIR's list of top taxpayers, paying P16.4 million in taxes. He was even outranked by son Henry Sy, Jr. who ranked 73 with P16.46 million in taxes.
Other Sy family members were also included in the BIR's list of top taxpayers - Hans Sy (104th, P13.2 million); Harley Sy (157th, P11.07 million); Herbert Sy (159th, P11.02 million); Elizabeth Sy (236th, P8.83 million); Teresita Sy (262th, P8.369 million); and Felicidad Sy (263th, P8.365 million).
Lucio Tan, the country's second richest man according to Forbes, and his family paid a combined P17.96 million in taxes in 2012. Lucio Tan ranked 138th in the BIR's list with P11.97 million in taxes, while Harry Tan ranked 477th with P5.98 million.
Ports tycoon Enrique Razon, the third richest man, paid P19.02 million in taxes for 52nd place on the BIR's list.
John Gokongwei and his son Lance Gokongwei paid a combined P16.81 million in taxes.
David Consunji and family paid P14.27 million in taxes, with Victor ranking 299th on the BIR's list and Isidro ranking 384th.
Property tycoon Andrew Tan ranked 12th on the BIR's list, paying P39.605 million in taxes.
Jaime Zobel de Ayala and family paid a combined P81.63 million in taxes, with Fernando ranking 10th and Jaime Augusto ranking 11th on the BIR's list.
George Ty and family paid a combined P38.022 million in taxes.
Controversial businessman Roberto Ongpin, 9th on the Forbes' richest list, ranked 310th on the BIR's list paying P7.4 million in taxes.
Mercury Drug's Vivian Que Azcona and family was the BIR's top individual taxpayer for 2012 with P131.43 million in taxes. Forbes ranked Que Azcona as the 20th richest in the country with a net worth of $690 million.
Here is the full list:
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