12 Top-Earning IT/Tech Executives in the Philippines

The Bureau of Internal Revenue (BIR) has recently released their annual list of Top 500 Individual Taxpayers. This list includes prominent names coming from different industries and based on this we compiled our own list of the twelve highest-earning IT executives in the country.

Image Credit: PLDT.com

Author’s note: Estimated annual compensation is based on computed taxable income derived from income tax paid to the BIR in the years 2010-2012. In this list, we included executives that work for IT-related, BPO and the general tech sector.

Manny_Pangilinan_1

Manuel V. Pangilinan
Chairman of PLDT-Smart
Chairman of ABC Development Corporation (TV5)
Regular income tax paid: Php26 million
Est. annual taxable income: Php81.23 million
Position on BIR’s list: 4th

Orlando B. Vea
Co-founder, Chief Wireless Adviser of SMART Communications
President and CEO of Sun Cellular
Regular income tax paid: Php16.25 million
Est. annual taxable income: Php50.78 million
Position on BIR’s list: 16th

ray_espinosa

Ray C. Espinosa
President and CEO of MediaQuest Holdings, Inc.
Regular income tax paid: Php14.48 million
Est. annual taxable income: Php45.26 million
Position on BIR’s list: 20th

Rolando G. Pena
Head – Customer Service Assurance Group at SMART/PLDT
Regular income tax paid: Php10.74 million
Est. annual taxable income: Php33.56 million
Position on BIR’s list: 36th

ernest_cu

Ernest Lawrence L. Cu
CEO and President of Globe Telecom
Regular income tax paid: Php9.40 million
Est. annual taxable income: Php29.43 million
Position on BIR’s list: not included in latest list (2011). Placed 128th in 2010.

Eric Ramon O. Recto
Chairman of ISM Communications Corp.
Regular income tax paid: Php9.15 million
Est. annual taxable income: Php28.60 million
Position on BIR’s list: 61st

Richard A. Cohen
Vice President, Asia Factory Operations at Maxim Integrated Products
Regular income tax paid: Php8.63 million
Est. annual taxable income: Php26.97 million
Position on BIR’s list: 74th

Richard V. Bledsoe Jr
Executive Vice President International Sales at TeleTech
Regular income tax paid: Php8.58 million
Est. annual taxable income: Php26.81 million
Position on BIR’s list: 76th

Menardo G. Jimenez Jr
Senior Vice President of PLDT
Regular income tax paid: Php8.52 million
Est. annual taxable income: Php26.62 million
Position on BIR’s list: 77th

Tracey Joy Harrison
Senior Executive at Accenture
Regular income tax paid: Php8.01 million
Est. annual taxable income: Php25.04 million
Position on BIR’s list: 94th

napoleon_nazareno_1

Napoleon L. Nazareno
President and CEO of SMART Communications
Regular income tax paid: Php7.95 million
Est. annual taxable income: Php24.86 million
Position on BIR’s list: 96th

George N. Lim
Senior Vice President of PLDT
Regular income tax paid: Php7.72 million
Est. annual taxable income: Php24.13 million
Position on BIR’s list: 100th

We’d like to clarify that figures above are all based on BIR’s 2010-2011 report on taxes paid. Income derived from other sources (like sale of shares of stocks, real property and dividends) are not included.

* MVP’s income also includes Meralco and Philex Mining Corporation.

* This is not a definitive list. List does not include IT executives where 100% of taxable income is already withheld by their respective companies.

{sources: 1 & 2}

{image credits: 1, 2, 3, 4}

Diangson Louie

This article was written by Louie Diangson, Managing Editor of YugaTech. You can follow him at @John_Louie.

https://www.yugatech.com

17 Comments

joyce says:

10 years ago

People wag kayo mag away.. remember that we are living in a third world country.. natural lang n mahal ang mga bagay bagay para sa atin kasi sa liit ng sahud at sa laki ng tax.. although true that cheaper and mga bilihin sa pinas comparing sa ibang bansa kasi maliit masyado ang value ng peso sa dollar.. kung totoosin wala panga.. kaya tanggapin nalang kasi ganon talaga..
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lee says:

11 years ago

i think NAPOLES should be on the list HAHAHA!!!
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jed says:

11 years ago

magkapatid po ba sila Orlando B. Vea tsaka Reynaldo B. Vea , ung president and CEO ng Mapua?
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Alvin says:

11 years ago

Yes magkapatid sila.
Anon says:

11 years ago

Di lang English, pati Filipino, may grammar police… :D
Anonimi says:

11 years ago

Buwan ng wika ngayon kaya ayusin niyo ang paggamit ng tamang lengwahe. :D
Chikita says:

11 years ago

bisaya gid…kau na mag-adjust…:-)
ewww says:

11 years ago

baka “sina”, hindi “sila”. tanda mo na di mo pa alam kung kailan ginagamit ang “sila”. :D

mark says:

11 years ago

Tignan nyo yung highest income. Halos lahat nasa SMART/GLOBE/PLDT.

Laki laki ng kinikita hindi man lang ma improve yung services nila.

Sobrang mahal pa ng services nila.
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User1 says:

11 years ago

Ampalaya? Sorry ka na lang, poor ka.
emperor says:

11 years ago

Ako kahit papano nagpapasalamat dahil nakakasurf dahil sa murang Internet, imagin sa globe may plan sila na Unlimited internet for one month just for P598 or $14/month. Plan 499 plus supersurf pv999 = P598 lang a month. DITO LANG YAN SA PINAS.
Cheap? says:

11 years ago

cheap? for crappy services? i dont think so..

Even if the other countries would charge higher but their services are far more superior than these money grabbing bastards
Jay says:

11 years ago

Actually, if compared to other Telco Companies on our Region, ours is very very cheap.. :D

Andrei says:

11 years ago

Sir Abe, Maxim Integrated is not an IT company it belongs to Semiconductor Industry.
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Abe Olandres says:

11 years ago

In the author’s note, we specified we’re also including BPO, IT-related and the general tech sector. That includes Accenture, TeleTech and Maxim.

daniel says:

11 years ago

Sana umabot ako jan.
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Justin says:

11 years ago

Bong Revilla/Jinggoy Estrada/Juan Ponce Enrile/et al…
Senators of the Philippine Government
Regular income tax paid: Php0
Est. annual taxable income: Php200 million
Position on BIR’s list: -1

These guys don’t pay taxes. Instead, they rip off Filipinos who pay taxes! Sana po ma-alala nyo itong mga hayop na ito sa susunod na senatorial/presidential (oo, yung iba sa kanila may balak pang tumakbo bilang presidente) elections!
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