Toyota Motor PH gets national, provincial honors for tax contributions

Toyota Motor Philippines (TMP) has received recognition from the Bureau of Customs (BOC) and the Provincial Government of Laguna for its tax contributions.

The leading automotive company in the country said that it was recognized by the BOC as the country’s third top importer and revenue contributor last year. On the other hand, the provincial government acknowledged TMP for being its Outstanding Taxpayer this year.

Last year, a total of P34.59 billion was collected from TMP by the national government, contributing to BOC’s positive performance for the whole 2022.

TMP operates with the BOC-Port of Batangas (POB) 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 (CBU) vehicle units, it also serves as a gateway for the export of original equipment manufacturer (OEM) parts and components produced by Toyota export parts suppliers, making it an important link to Toyota’s global supply chain.

In addition, TMP also has business operations with the BOC-Manila International Container Terminal (MICT) where it is recently certified as a “Flagship Elite” member by International Container Services, Inc., one of MICT’s operators.

On the provincial level, TMP was nominated by the City Government of Santa Rosa as the “City’s Exceptional Taxpayer” for the Laguna “Outstanding Taxpayer Award 2023.” During the Laguna Business Stakeholders Convention and Innovation Summit, Laguna Governor Ramil Hernandez conferred TMP the award in appreciation to TMP’s “diligent and responsible tax payments.”

To note, TMP is producing local Toyota vehicle models namely the Vios and Innova at its manufacturing plant in Santa Rosa City, Laguna. It is also engaged in wholesale distribution of Toyota and Lexus vehicles through its 73 dealers (including Lexus Manila) across the country.

Photos from Toyota Motor Philippines

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