German bank, Accenture top BPO taxpayers in PH

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A wholly-owned subsidiary of Germany-based Deutsche Bank AG, Deutsche Knowledge Services ranked as the BPO industry?s No. 1 taxpayer, and No. 195 among all Philippine corporate taxpayers, with P116.88 million in income tax paid, according to reelectonist Pasig representative Romulo. Accenture ranked as the industry?s No. 2 taxpayer, and No. 285 among all Philippine corporate taxpayers, with P75.25 million in income tax paid. Romulo said the rankings were based on the Bureau of Internal Revenue?s new list of the country?s Top 500 Non-Individual Taxpayers for Taxable Year 2011, which in turn was based on income tax returns filed. The list was made public in April. The other BPO firms and back offices in the country?s top 500 corporate taxpayers are: Sykes Asia Inc. (No. 343, tax paid at P61.91 million); Hewlett-Packard Asia-Pacific (Hong Kong) Ltd.-Regional Operating Headquarters (No. 354, tax paid at P60.53 million); Citibank N.A.-Regional Operating Headquarters (No. 408, tax paid at P49.37 million); and NCR Cebu Development Center Inc. (No. 465, tax paid at P42.96 million). The BPO industry is projected to produce $25 billion in revenues and directly employ 1.3 million Filipinos by 2016. With a labor force of 780,000, the sector posted $13 billion in revenues in 2012, up by $2 billion, or 18 percent, from $11 billion in 2011. This year, the industry is expected to generate $16 billion in revenues and add 146,000 full-time jobs, according to the Information-Technology and Business Processing Association of the Philippines (IBPAP). ]]>

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