Baliwag News Service

SM Group of Companies Took 6 Spots in the Top 15 Taxpayers of 2017


In the recently concluded awards night for Top 15 Taxpayers for the year 2017,  6 spots  were occupied by SM Group of Companies on which  The SM Mercantile Stores Group Inc. (The SM Store) ranked first, Super Shopping Market, Inc. ( SM Hypermarket) second, SM Primeholdings Inc. third, Star Appliance Inc. (SM Appliance) sixth, Ace Hardware Philippines Inc. ninth, and Sanford Marketing Corporation (Savemore) fifteenth.

Baliwag Municipal Mayor Ferdinand V. Estrella  handed the Plaque of Appreciation and Recognition to the SM Group of Companies  along with nine other corporations during the Gabi ng Parangal at Pagkilala sa mga Kabalikat sa Paglilingkod at Star Arena, May 25. The said event was attended by the officials and representatives of the 15 Corporations.

Other businesses which placed in the Top 15 were: Wilcon Builder’s Depot, Inc. fourth, Cargill Philippines Inc. fifth, L.P.T. Marketing Inc. (L.P.T. Marketing Inc. – UltraMega Multi-Sales) seventh, Puregold Price Club, Inc. eight, Super 8 Retail System, Inc. (Super 8 Grocery Warehouse) tenth,  Joey’s Food Corporation (Jollibee located in Bayan) eleventh, The Philippine American Life and Gen. Insurance Co. twelfth, Communities Bulacan, Inc. (Camella) thirteenth, and Baliuag Foods Corporation (Jollibee Junction) fourteenth in ranking.

Mayor FVE encouraged the business taxpayers to continue to honestly and concisely pay their taxes on time because this act is a huge catalyst of maintaining and sustaining the economy and will be given back to the people in the form of public service.

In a report disclosed by BPLO, the taxes collected from the SM Group of Companies in 2016 is 28.4% of the total taxes collected while the total taxes generated from the Top 15 is 46.6% of the total taxes collected which vividly denotes that these 15 businesses are truly big contributors to our town’s progress and development.