Cyprus Mail

Customs marks 50 years of union

Cyprus customs play an active role in the European Customs Union and a basic role in the movement of goods and passengers in and out of the island, the service said on Sunday, marking 50 years since the union was established.

On average the service oversees 3,000 commercial ships, 300,000 containers, 3,000,000 metric tonnes of merchandise, 4,500,000 passengers and for 2017 a total of 130,495 customs declarations.

Among other roles, the customs department contributes to public wealth through the imposition of and collection of import duties, consumer tax and value added tax (VAT).

For 2017, the total amount collected by the department was €1,142.6 million, a rise of 7.2 per cent over the previous year.

For 2018, until the end of May the department had collected €12,043.577 import duties, €218,843.220 in consumer tax and €178,679,853 VAT on imports.

According to the European union, in 2017 the EU accounted for 16 per cent of world trade.

Related posts

Man hospitalised after being pulled out of burning caravan

Annette Chrysostomou

Missing woman found

Staff Reporter

Position on Varosha ‘very clear’ and unchanged, Security Council President says

Three people test negative for coronavirus, minister says

Annette Chrysostomou

Yet another delay before traffic cameras introduced

Jean Christou

Elderly woman killed in car crash

Nick Theodoulou