MANILA, Philippines — Businessman Jacinto Ng and Sarangani Rep. Manny Pacquaio are the top individual taxpayers for 2014, according to a list released by the Bureau of Internal Revenue on Friday.
Ng, owner and founder of Rebisco Biscuit Corp., paid an estimated P289.1 million regular income tax for the previous year. According to Forbes magazine, Ng is the 36th richest man in the Philippines in 2015.
Meanwhile, Pacquiao paid P210.3 regular income taxes in 2014. The boxing icon is the second highest paid athlete in the world in 2015 with total earnings of $62 million.
Presidential sister Kris Aquino is also among the top ten highest taxpayers in 2014 with P54.5 million worth of regular income taxes paid.
San Miguel Corporation Chief Executive Officer Ramon Ang ranked ninth with P51 million.
Among the top ten individual taxpayers are:
- Mercury Drug President Vivian Azcona (P153.6 million)
- Columbia Motors Corporation President Jose Alvarez (P73 million)
- Rebisco's Jacinto Ng Jr. (P66.9 million)
- Developer Ronaldo Soliman (53.5 million)
- Coca-Cola President and CEO William Schultz (P51.3 million)
- Finance executive Lauro Baja III (P50.7 million)
COMPLETE LIST: Top 500 individual taxpayers in 2014