Toyota Motor PH Logistics Inc. a top taxpayer of West Laguna
TOYOTA Motor Philippines Logistics Inc. (TLI), a wholly owned subsidiary of Toyota Motor Philippines Corp., was recently recognized as the “Top 3 Taxpayer under Nonindividual Taxpayer Category” by the Bureau of Internal Revenue District Office (RDO) No. 57.
TLI remitted to the government a total of $1.25 million in the form of withholding taxes for taxable year 2021. The amount was one of the highest collected by the RDO from the whole of Cabuyao, Santa Rosa, Biñan and San Pedro in Laguna.
TLI — a Philippine Economic Zone Authority or PEZA-registered Ecozone Logistics Service Enterprise, located in Santa Rosa City, Laguna — handled exports of multi-sourced Toyota original equipment manufacturer (OEM) parts, spare parts and accessories.
Since its incorporation in 2016, TLI has already established its role in Toyota’s supply chain as a warehousing and logistics services provider, catering to the needs of Toyota affiliates worldwide. Currently, TLI has exported to over 30 destinations in five continents.
Despite the challenges brought by the Covid-19 pandemic, TLI’s sales in 2021 grew by 43 percent from 2020 and up by 29 percent from the pre-pandemic level in 2019. To a large extent, TLI attributed its success to the government’s policy, which allowed unhampered operations of logistics service providers and export-oriented businesses even during the pandemic.
TLI’s 2021 sales was also reflective of global market recovery momentum as evidenced by increased exports to top destinations, including Thailand, Pakistan, Brazil, South Africa and Indonesia.
