Toyota PH imposes safeguard tariffs on select models effective March 1

Updated Feb 26, 2021 | Same topic: Latest Consumer Reports

The tariffs range from Php 78,400 to Php 123,200.

Toyota Motor Philippines (TMP) announced that it will be implementing provisional cash deposits on certain models within its lineup beginning March 1, 2021. This is in compliance with Department Administrative Order (DAO) No. 20-11 issued by the DTI, mandating a provisional safeguard duty on imported vehicles.

According to the public advisory issued by TMP, all authorized Toyota dealers nationwide will collect a conditional cash deposit for purchases of brand new units of the following Toyota passenger cars, which amounts to Php 78,400:

  • 86
  • Wigo
  • Avanza
  • Camry G
  • Rush
  • Corolla
  • Corolla Cross
  • Yaris
  • FJ Cruiser
  • Fortuner V and G variants
  • RAV4

Meanwhile, the following Toyota models will require a conditional cash deposit of Php 123,200:

  • Hilux
  • Hiace Cargo

>>> Related: Isuzu PH announces additional deposit due to safeguard duty tariff

The cash deposits are inclusive of VAT, on top of the vehicle's suggested retail price (SRP).

DAO 20-11 was issued in light of a petition by the Philippine Metalworkers Alliance (PMA) to protect local car assembly, which has reportedly suffered from the influx of imported vehicles in the Philippine market.

The Bureau of Customs (BoC) has released a Customs Memorandum Order imposing this on all new vehicle shipments starting February.

The provisional tariffs will be in place for 200 days pending the outcome of an investigation by the Tariff Commission. If the probe yields no substantive proof that the tariffs are necessary, the cash deposits shall be returned to customers. Otherwise, the deposit will be treated as additional payment for the vehicle.

Toyota advisory

Select models will require a conditional cash deposit

>>> Related: DTI amends list of countries exempt from safeguard tariffs

According to Trade Secretary Ramon Lopez, the safeguard duties will prevent local car manufacturers from leaving the country. The closure of a number of auto assembly plants locally has made an impact on local jobs and the Philippine economy.

The DTI cites figures of passenger car imports increased by an average of 35 percent between 2014 and 2018. Furthermore, imports exceeded locally-produced cars from 295 percent in 2014 to 349 percent in 2018.

Meanwhile, imported light commercial vehicles increased from 17,273 units in 2014 to 51,969 units in 2018.

More industry updates at Philkotse.com.

Know more about Toyota

Toyota

Toyota leads the local automobile industry, distributed by Toyota Motor Philippines. It has a staggering total of 73 dealerships all over the country. It has 27 dealerships in Luzon, 15 in the Visayas, 11 in Mindanao, and 20 in Metro Manila, including Lexus Manila, Inc. for its service centers and sales distribution. TMP has the most extensive car lineup in the country, with its current range consisting of 20 vehicles in total. See the latest price list of Toyota vehicles in the Philippines here.

Joseph Paolo Estabillo

Joseph Paolo Estabillo

Author

Joseph has been a member of various car clubs since he got his driver's license in 2004 – old enough to remember riding in taxicabs with analog meters, but his fascination with cars goes way back. After nearly two decades of working in broadcast media, he shifted gears by coming on board as Philkotse’s first Filipino member and staff writer in 2017.

Apart from his role in Philkotse as Content Team Lead, Joseph has written episodes for Drive, which has been airing on CNN Philippines for five seasons running. He has also delivered content for various car dealerships based in the U.S., spanning multiple brands such as Alfa Romeo, Maserati, Jeep, Dodge, among others.

Keeping his hopes high and his revs low, he dreams about owning a Kei car when he retires. Hates slow parkers.

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