Toyota PH hailed as one of Port of Batangas’ top revenue contributors for Jan.-July 2022

The Bureau of Customs-Port of Batangas (BOC-POB) recently hailed Toyota Motor Philippines Corporation (TMP) as one of the top importers for the January-July 2022 timeline.

The country’s largest automotive and mobility company shared in a statement that the aforementioned revenue-collecting arm of the government recognized TMP as the second top importer after remitting a total of P16.46 billion worth of duties and taxes.

According to TMP, the amount contributed to the Port’s higher revenue performance versus the same period last year.

To note, TMP operates with the 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.

The POB also serves as a major gateway for TMP’s distribution of automotive products to its dealerships in the Visayas and Mindanao regions.

“With the establishment of the 32-hectare TMP Batangas Vehicle Center (BVC), TMP processes the completely-built-up units (CBU) arriving from the nearby POB at a higher capacity and level of efficiency. While it is equipped with state-of-the-art facilities and global Toyota standards and systems, the BVC’s proximity advantage contributes to quality assurance and sustainability,” TMP shared.

TMP First Vice President for Vehicle Logistics Aimee Josephine Lopez said the BOC has always been crucial in supporting the local automotive industry and TMP in its commitment to deliver quality products and services to Toyota customers.

“Process automation initiatives as well as the highly reliable port personnel continue to support Toyota’s operations through efficient customs processing and timely release of shipments,” she added.

Recently, the BOC-POB celebrated its 65th founding year through an anniversary event where top locators and exporters were recognized for their support to the Port’s programs and endeavors.

Earlier, Toyota Motor Philippines Logistics, Inc. (TLI), the company’s wholly owned subsidiary, has been recognized by the Bureau of Internal Revenue District Office (RDO) 57 as the “Top 3 Taxpayer" under Non-Individual Category.” after remitting to the government US$1.25 million (around P65.409 million) in the form of withholding taxes for taxable year 2021.

Photos from Toyota Motor Philippines

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