Business

BIR LTD Awards Cebu’s Top Tax Contributors

Published

3 years ago

March 28, 2022

MCN

(L-R) Fidela Bardelas, Assistant Chief, Large Taxpayers Division - Cebu; Maria Socorro Lozano, Chief, Large Taxpayers Division - Cebu; Rito Magalso, Controllership Head, Cebu Energy Development Corporation; Paula Ruelan, Reputation and Brand Management Head, City Savings Bank, Inc.; Raul Lucero, President and COO, Visayan Electric Company, Inc.; and Manuel Mapoy, OIC - ACIR, Large Taxpayers Service - Manila.

On its 20th anniversary, the Bureau of Internal Revenue Large Taxpayers Division (BIR LTD) – Cebu awarded Cebu’s top tax contributors for CY 2021 last March 4, 2022 at 1 Nito Tower, Cebu City. Among the awardees is the leading mass market bank in the Philippines, City Savings Bank, Inc. (CitySavings) in recognition of its support and invaluable contribution to the country’s economic development efforts.

Receiving the award on behalf of the Bank was AVP – Reputation and Brand Management Head, Paula Ruelan. In her message, she thanked the men and women of BIR LTD – Cebu for fostering an environment that encourages more investment and economic growth, especially during the time of a pandemic.

Ruelan also emphasized the importance of adhering to good governance practices and expressed CitySavings’ continuous commitment to the agency and its initiatives. “Together with the other large taxpayers in the private sector, we pledge our support to BIR, its programs, and tax collection initiatives. We reiterate that we will responsibly perform our corporate duty to pay the correct taxes on time, for the greater good of our country.”

The other awardees were Visayan Electric Company, Inc. and Cebu Energy Development Corporation. The event also served as the 2022 Tax Campaign Kick-off.