VATupdate

Customs Revenues Increase by 18.6% in 2022 (Treasury)

Net customs revenues reached 84.04 billion dirhams at the end of December 2022, up 18.6% compared to the same period a year earlier, according to the Kingdom’s General Treasury (TGR).

In detail, net revenues from customs duties reached more than 13.8 billion dirhams, up 16.7%, while net revenues from value added tax (VAT) on imports rose by 28.5% to 54.44 billion dirhams.

In addition, VAT on energy products increased by 73.9% and that on other products by 19.3%.

Source: einews.com

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