AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

imageMANILA: Boxing hero Manny Pacquiao, who faces his biggest fight against unbeaten American Floyd Mayweather, already holds top spot as the number one taxpayer in the Philippines, government records showed Saturday.

A list of top individual tax-payers for 2013, posted on the Bureau of Internal Revenue website, put the boxer-turned-congressman at number one with 163.84 million pesos ($3.72 million) in taxes paid.

This was about 64 percent higher than the second-highest taxpayer.

Internal revenue chief Kim Henares confirmed that Pacquiao topped the list but stressed that he still had a case pending over alleged non-payment of taxes earlier.

Although hailed as a national hero for his boxing feats, Pacquiao has run afoul of tax officials before and is embroiled in a dispute with the revenue bureau saying he owed at least 2.2 billion pesos in unpaid taxes for 2008 and 2009.

"It (the case) is still ongoing. No, he has not settled. Being a top tax-payer... does not mean he paid the correct taxes. The two (issues) are not synonymous," Henares said in a statement to AFP.

The boxer has previously insisted he paid the 2008 and 2009 taxes in the United States, so did not need to do so in the Philippines because the two countries have an agreement allowing their citizens to avoid double taxation.

The tax office alleges Pacquiao failed to provide documents proving his US payments and that he may still owe some money in the Philippines where there is a higher rate of taxation.

Pacquiao, 36, a champion in eight divisions, has parlayed his sports fame into a fortune in commercial endorsements, a showbiz career and even election to Congress.

This earned him a spot in Forbes magazine's list as the 11th highest-paid athlete in 2014, although still behind his rival Mayweather who was number one on the list that year.

The two rivals for the crown of best boxer of their generation are due to meet in Las Vegas on May 2 in a match that is expected to shatter box office records.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.