Toyota remits record P52.5 billion in duties, taxesIn a statement, TMP said that it was recognized as the Top 2 Importer for 2025 by the Bureau of Customs after it remitted a record-breaking P52.517 billion in duties and taxes last year. MANILA, Philippines — Leading automotive firm Toyota Motor Philippines Corp. (TMP) remitted record-high duties and tax payments amounting to P52.5 billion to the government last year, making it the country’s second biggest importer. In a statement, TMP said that it was recognized as the Top 2 Importer for 2025 by the Bureau of Customs after it remitted a record-breaking P52.517 billion in duties and taxes last year. It is also higher than the P43.91 billion remitted by the company in 2024. Beyond its national tax contributions, TMP is helping drive regional growth in Laguna, where its headquarters and manufacturing plant are located.
