Toyota PH’s logistics arm one of BIR West Laguna’s top taxpayers

Toyota Motor Philippines Logistics, Inc. (TLI) has been recognized by the Bureau of Internal Revenue District Office (RDO) 57 as the “Top 3 Taxpayer" under Non-Individual Category.”

The wholly owned subsidiary of Toyota Motor Philippines Corporation (TMP) said that it has remitted to the government US$1.25 million (around P65.409 million) in the form of withholding taxes for taxable year 2021.

The aforementioned amount is one of the highest collected by the RDO from the whole of Cabuyao, Santa Rosa, Biñan and San Pedro in Laguna.

TLI is a Philippine Economic Zone Authority (PEZA)-registered Ecozone Logistics Service Enterprise (ELSE) located in Santa Rosa City, Laguna that handles exports of multi-sourced Toyota Original Equipment Manufacturer (OEM) parts, spare parts and accessories.

In a statement, TMP shared that since TLI’s incorporation in 2016, its ancillary has already established its role in the company’s supply chain as a warehousing and logistics services provider, catering to the needs of Toyota affiliates worldwide.

Currently, TLI exports to more than 30 destinations in five continents.

Amid the challenges caused by the COVID-19 pandemic, TLI 2021 sales in 2021 grew by 43 percent compared to 2020 and is 29 percent higher versus 2019’s performance. The success is attributed to the policy of the national government that allowed unhampered operations of logistics service providers and export-oriented businesses even during the pandemic.

“TLI’s 2021 sales were also reflective of global market recovery momentum as evidenced by increased exports to top destinations including Thailand, Pakistan, Brazil, South Africa and Indonesia,” the statement noted.

“The Toyota network continues to provide critical support to the local automotive industry and global parts supply chain. Export contribution of Toyota Group accounted for 32 percent of the total Philippine exports of automotive parts and components in 2021,” it added.

Photos from Toyota Motor Philippines

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