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Toyota Motor Philippines remits P52.5B in customs taxes, duties
Business Mirror
|March 11, 2026
TOYOTA Motor Philippines (TMP), a leading Philippine corporation and mobility company, reinforced its role as a premier engine of the economy, after being recognized as one of the Bureau of Customs' (BOC) top revenue contributors during the agency's 124th Founding Anniversary on February 12, 2026, at the GSIS Gymnasium in Pasay City.
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In the photo are, from left, Department of Finance Secretary Frederick Go, Toyota Motor Philippines Corporation (TMP) Senior Vice President for Comptrollership and Treasury Dennis Ben-Hur Escuro, TMP First Vice President for Corporate Affairs Josephine Villanueva, and Bureau of Customs Commissioner Ariel Nepomuceno.
The country’s automotive leader received the "Top 2 Importer" status for 2025, having remitted a record-breaking P52.517 billion in duties and taxes. This marks TMP's highest annual contribution since it began operations and reflects a substantial increase from the P43.91 billion remitted in 2024.
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