Customs Administration: Revenue plan exceeded by 2,4 percent

Revenue collection increased for all types of duties, the Customs Administration said.

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Illustration, Photo: Shutterstock
Illustration, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

From the beginning of the year to the end of August, the Customs Administration achieved gross collection of 926,83 million euros, which is 74,16 million euros or 8,7 percent more than in the same period last year.

"The revenue plan for the period from January to August was exceeded by 21,64 million euros, or 2,4 percent," the statement said.

The Customs Administration, as announced, aims to ensure efficient revenue collection, thereby significantly contributing to the increase in total budget revenues with the implementation of strong fiscal policy measures, which continued the trend of customs revenue collection in the period from the beginning of January to the end of August.

"According to the structure of collected revenues, all types of duties have experienced an increase in revenue collection," said the Customs Administration.

The most significant revenue growth was achieved from value added tax (VAT) on imports, which was collected in the amount of 606,43 million euros, which is 41,93 million euros more, or 7,43 percent, compared to last year.

"Excise duty collected amounted to 271,93 million euros, which is 25,18 million euros or 10,21 percent more than last year. Customs duty collection amounted to 46,33 million euros, which is 6,87 million euros or 17,28 percent more," the statement specifies.

The collection of coffee tax amounted to 1,96 million euros, which is an increase of 8,46 percent, while other revenues were collected in the amount of 180,5 thousand euros.

"The total customs revenue collection for August amounted to 137,98 million euros, which is 8,41 million euros or 6,49 percent more than the previous year, thus exceeding the revenue plan for August by 793,4 thousand euros," the statement concluded.

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