Biggest resorts in the Philippines
The Bureau of Internal Revenue (BIR) has recently recognized the top and biggest resorts in the Philippines, based on their revenues and tax payments.
The BIR camed up with the list of the most popular resorts according to their gross sales and tax payments in 2012. It said Shangri-la Mactan Resort & Spa in Cebu topped the list with P75.06 million in taxes in 2012 on P1.9 billion in gross sales.
Palawan's Miniloc Island Resort (El Nido Resorts) paid P15.38 million in taxes on P417.01 million in gross sales. Another popular resort Plantation Bay in Mandaue City paid P12.6 million in taxes on P549.37 million in gross sales.
Discovery Shores Boracay recorded P366 million in sales and paid P8.4 million in taxes. Pearl Farm Resort in Davao paid P5.8 million in taxes on PhP173.78 million in sales.
Misibis Bay Resort in Legaspi paid P1.9 million in taxes on P201.98 million in sales, while Panglao Island Nature Resort & Spa in Bohol paid P1.1 million in taxes on P135.5 million in sales.
Tieza-gardens of Malasag Eco-tourism Village in Cagayan de Oro generated P2.06 billion in revenues, but paid P271,950 in taxes in 2012.
The BIR said some resorts did not pay any taxes, such as Isla Jardin Del Mar in General Santos City; The Island Buenavista in west Davao; and Anda White Beach Resort in Tagbiliran City.
Anemone Resort, Badian Island Resort and Bluewater Maribago, all located in Mandaue, did not report any income or taxes in 2012.