Toyota Motor Philippines receives national and provincial recognitions for tax contributions

PHOTO (FROM LEFT): BOC commissioner Bienvenido Rubio, TMP first vice president for comptrollership Dennis Ben-Hur Escuro, TMP first vice president for vehicle logistics Aimee Josephine Lopez, TMP first vice president for manufacturing Michael Angelo Antonio, and Department of Finance secretary Benjamin Diokno during the BOC Stakeholders’ Night held at Rizal Park Hotel, Manila.

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TOYOTA Motor Philippines Corporation (TMP) received recognition from the Bureau of Customs (BOC) and the Provincial Government of Laguna as the country’s third top importer and revenue contributor for the year 2022 and Laguna’s ‘Outstanding Taxpayer 2023,’ respectively.

The largest automotive and mobility company in the Philippines remitted a total of Php34.59 billion in duties and taxes, contributing to the BOC’s positive collection performance for the period January to December 2022.

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 (CBU) vehicle units, it also serves as a gateway for the export of OEM parts and components produced by Toyota export parts suppliers, making it an important link to Toyota’s global supply chain.

TMP also has notable 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.’ Laguna Governor Ramil L. Hernandez conferred TMP this award, recognizing the Company’s “diligent and responsible tax payments” during the Laguna Business Stakeholders Convention and Innovation Summit held at the Laguna Provincial Capitol.

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