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Manila Bulletin devider Business devider Toyota paid P16-B taxes to BOC Batangas in H1

Toyota paid P16-B taxes to BOC Batangas in H1

Published Aug 26, 2022 11:21 am

Toyota Motor Philippines Corporation (TMP) has paid P16.46 billion in the form of taxes and duties to the Bureau of Customs (BOC) Port of Batangas (POB), making it the second highest revenue contributor to the port for the period January-July 2022.

In a statement, TMP said it was recently recognized as the second top importer by the BOC at the Batangas port for the first semester this year. TMP did not provide comparative figure but said the amount paid was the second highest collected by the POB, contributing to the port’s higher revenue performance versus the same period last year.

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.

Moreover, the POB serves as a major gateway for TMP’s distribution of automotive products to Toyota 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 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 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,” Lopez added.

The BOC-POB celebrated its 65th founding year in August 2022 through an anniversary event where top locators and exporters were recognized for their support to the Port’s programs and endeavours.

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