TELECOMMUNICATIONS companies are among the top taxpayers in the country.
The Bureau of International Revenue (BIR) named wireless services provider Smart Communications Inc., Philippine Long Distance Telephone Co., Globe Telecom and its wholly-owned subsidiary Innove Communications as top taxpayer awardees for 2006 under the large taxpayers service category.
More than 600 big companies belong to the large taxpayers service category and account for more than 50 percent of BIR’s total tax collections.
The 2006 BIR top taxpayers included companies that declared and paid the correct taxes to the government; those with no outstanding delinquent accounts for any taxable year, except if the delinquent account involves industry issues; those that made at least P1 billion actual cash tax payment increase and with at least 18 percent increase from 2005 to 2006; and no pending criminal case, especially those covered by the Run After Tax Evaders program.
Smart said it has been a top taxpayer awardee for four consecutive years.
The awarding of the top taxpayers was made during the 103rd anniversary of the BIR. (PR)
