Insider Spotlight
TMP paid P23.66 billion in customs duties and taxes from January through July, equivalent to 16.4 percent of the port’s total collections during the period, the company said. The Bureau of Customs-Port of Batangas recognized TMP as its Top 1 import revenue collection contributor during the port district’s 69th founding anniversary celebration in Bauan, Batangas on Aug. 17.
Declined remittances amid headwinds
The contribution underscores how vehicle imports and automotive trade generate substantial tax revenue for the government, even as the industry navigates weaker economic conditions.
TMP said its remittances declined from the same period in 2025 amid broader macroeconomic headwinds and softer demand stemming from the energy crisis experienced during the first seven months of this year. Despite the decline, Toyota remained the Port of Batangas’ leading revenue generator.
The bigger picture
The Port of Batangas itself was the Philippines’ highest-performing customs collection district from January to July, according to Bureau of Customs-Port of Batangas district collector Carmelita Talusan.
The port consistently exceeded its revenue targets and accounted for nearly a quarter of total customs revenue nationwide. In July, it also posted the highest monthly revenue collection in its 69-year history. Talusan credited port stakeholders, including companies in the automotive and energy industries, for helping drive the performance.
Zoom in
Toyota’s Batangas operations are supported by its nearby Batangas Vehicle Center, providing the automaker with a strategic logistics link to the port.
TMP is also certified as an Authorized Economic Operator Level 2, a status tied to its trade operations and cooperation with the Bureau of Customs.
What’s next
Toyota said its continued cooperation with customs authorities would support efficient delivery of automotive products and services while contributing to government revenues and broader economic activity. —Vanessa Hidalgo| Corrie S. Narisma
