Lopez Group, Andrew Tan contests BIR’s Top 500 Individual Taxpayers for 2011 list ~ Pinoy Media

Friday, April 19, 2013

Lopez Group, Andrew Tan contests BIR’s Top 500 Individual Taxpayers for 2011 list

The Lopez Group and Andrew Tan both claimed that they also should have been on the list of BIR's Top 500 Individual Taxpayers for 2011.

According to Tan’s office, the business tycoon paid P60.1 million in taxes for all his sources of income for 2011 while Kris Aquino, the youngest sister of President Aquino who is on top of this year's list, paid P49.8 million in taxes due, clearly showing Tan paid more than Aquino.

On the other hand, the Lopez group of companies also release a statement that family patriarch Oscar Lopez and his brother Manuel had paid P37 million and P11 million in taxes, respectively, for 2011.

Revenue Commissioner Kim Henares explained why certain people were not on the list of top taxpayers.

“Only those who filed income tax returns (ITRs) will find themselves on the top 500 list,” the BIR chief said on Tuesday.

“If you did not file an ITR—if you had a ‘substituted filing’ where your company withheld income taxes for you and remitted it straight to the BIR, just like regular employees—it doesn’t matter how big your salary and tax payments are. You will not appear on the list,” she added.

If You Like This Post, Click Here To Subscribe Via Pinoy Media Email
+AMDG+ DISCLAIMER: PINOY MEDIA does not claim credit for any images and videos and some articles featured on this site. All visual content, videos, copy and images and some articles, are copyrighted to its respective owners. By providing links to other sites, Pinoy Media does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to Pinoy Media. Information featured on Pinoy Media may contain errors or inaccuracies. If you own rights to any of the featured images, videos and articles and do not wish them to appear on this site, please Thank You. +THE ADMIN+

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...