Toyota Motor Philippines fuels national revenue growth, remits PHP 52.5 billion in customs taxes and duties
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, at the GSIS Gymnasium in Pasay City.
Customs Revenue Growth Driver. In photo (from left) are 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 PHP 52.517 billion in duties and taxes. This marks TMP’s highest annual contribution since it began operations and reflects a substantial increase from the PHP 43.91 billion remitted in 2024.
TMP, an Authorized Economic Operator (AEO) Level 2 certification holder, not only made a significant fiscal contribution but also supported the BOC’s push for increased revenue collection. The agency reported a total collection of PHP 934.4 billion in 2025—a 1.9% rise over the previous year.
TMP’s fiscal results mirror the steady performance of the Philippine automotive sector, where total industry sales reached 491,395 units in 2025. Based on Chamber of Automotive Manufacturers of the Philippines, Inc. or CAMPI’s year-end report, the Commercial Vehicle (CV) segment was the primary driver of unit sales, achieving a leading growth rate of 7%.
In parallel, TMP advanced the country’s shift toward more sustainable mobility, posting a significant 39% growth in its electrified vehicle portfolio. This includes imported Hybrid Electric Vehicle (HEV) and Battery Electric Vehicle (BEV) models from both the Toyota and Lexus line-ups, helping expand consumer access to lower-emission mobility options while supporting the government’s sustainability goals.
Beyond its national tax contributions, TMP is a key driver of regional growth in Laguna, home to its headquarters and manufacturing operations. According to the Philippine Statistics Authority (PSA), Laguna is the country’s top provincial economy and the only province to exceed the PHP 1-trillion economic output, contributing 4.9% to the total Philippine Gross Domestic Product and ranking third overall after Quezon City and Makati City.
TMP’s continued investments, employment generation, supply chain activity, and technology introduction contribute meaningfully to this regional strength, reinforcing its long-term commitment to nation-building.
During the BOC anniversary program, Department of Finance Secretary Frederick Go and BOC Commissioner Ariel Nepomuceno underscored the vital role of key industry stakeholders in sustaining revenue growth, strengthening economic security, and advancing the nation's broader developmental agenda.