Toyota Motor Philippines Corp. (TMP), the country’s largest automotive and mobility company, remitted a total of P34.59 billion in duties and taxes in 2022, contributing to the positive collection performance of the Bureau of Customs (BOC) last year,
The company received recognition from BOC and the provincial government of Laguna as the country’s third top importer and revenue contributor for 2022 and Laguna’s Outstanding Taxpayer 2023, respectively.
TMP operates with the BOC-Port of Batangas for the importation of automotive products including various Toyota and Lexus vehicle models, multi-sourced parts for production, and service parts from the Asia-Pacific region.
While the POB is the primary channel for completely built-up vehicle units, it also serves as a gateway for the export of OEM parts and components produced by Toyota export parts suppliers.
TMP also has notable business operations with the BOC-Manila International Container Terminal (MICT) where it was recently certified as a Flagship Elite member by International Container Services, Inc., operator of MICT.
On the provincial level, TMP was conferred the Outstanding Taxpayer Award 2023 by the Laguna local government unit for its diligent and responsible tax payments.
