Toyota Motor Philippines Corp. said Friday it contributed the second highest tax collection to the Bureau of Customs at the Port of Batangas in the first seven months.
It said it remitted to the government P16.46 billion in duties and taxes that added to the port’s higher revenue performance compared to the same period in 2021.
TMP first vice president for vehicle logistics Aimee Josephine Lopez said the BOC played a crucial role in supporting the local automotive industry and Toyota in its commitment to deliver quality products and services to 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 said.
The POB serves as a major gateway for Toyota’s distribution of automotive products to Toyota dealerships in the Visayas and Mindanao regions.