{"id":237834,"date":"2025-05-21T10:25:14","date_gmt":"2025-05-21T14:25:14","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=237834"},"modified":"2025-05-21T10:40:25","modified_gmt":"2025-05-21T14:40:25","slug":"antigua-and-barbudas-customs-revenue-could-hit-560-million-in-2025","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-customs-revenue-could-hit-560-million-in-2025\/","title":{"rendered":"Antigua and Barbuda’s Customs Revenue Could Hit $560 Million in 2025"},"content":{"rendered":"
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Antigua and Barbuda\u2019s<\/a><\/strong> Customs Division is on course to collect up to $560 million in revenue this year, fuelled by resilient trade activity and tighter enforcement across the border control system.<\/p>\n\n\n\n

The forecast was made by Comptroller of Customs Raju Boddu during an interview with ABS, in which he revealed that collections for the first four months of 2025 have already reached $176 million\u2014a 9.3% increase over the same period last year.<\/p>

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\u201cThis performance is significant considering there has been a slight decline in the total value of imports,\u201d Mr Boddu said. <\/p>

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\u201cIt means we are collecting more efficiently, with better compliance and fewer leakages.\u201d<\/p>\n\n\n\n

The uptick in revenue is being attributed to a more disciplined approach to tax exemptions, stronger enforcement, and better tax yield. <\/p>

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The yield\u2014which measures how much tax is collected per dollar of imports\u2014rose from 19.5% to 21.1% year-on-year.<\/p>\n\n\n\n

Construction and tourism imports drive growth<\/p>

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Despite a dip in the value of fuel imports, due largely to a fall in global oil prices, the construction and tourism sectors are continuing to power customs earnings.<\/p>

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Imports of building materials, furnishings, and fixtures remain high due to ongoing residential and hotel developments.<\/p>\n\n\n\n

\u201cThere\u2019s a lot of concrete, cement, fixtures, and fittings coming in.<\/p>\n\n\n\n

That\u2019s a positive indicator for the economy,\u201d Mr Boddu told ABS.<\/p>\n\n\n\n

Officials say recent changes to the tax exemption regime\u2014particularly a move away from discretionary waivers towards more targeted relief for strategic sectors\u2014have also improved revenue reliability.<\/p>\n\n\n\n

Customs clampdown bolsters returns<\/p>\n\n\n\n

Mr Boddu pointed to stronger frontline enforcement as a key contributor to the revenue surge, with tighter scrutiny at the ports and better compliance monitoring. However, he warned that certain vulnerabilities remain\u2014especially at sea entry points where small vessels may slip through checks.<\/p>\n\n\n\n

\u201cWe are performing well, but we must not be complacent. There are vulnerabilities, especially with small boats and vessels returning from nearby islands that are not always thoroughly checked,\u201d he said.<\/p>\n\n\n\n

He stressed the need to modernise outdated customs legislation and called for more robust maritime surveillance and the addition of a canine unit to counter smuggling.<\/p>\n\n\n\n

Digital transformation on the horizon<\/p>\n\n\n\n

Looking ahead, the Customs Division is preparing to launch a new single-window trade platform that will allow for streamlined interactions among all border agencies. Mr Boddu said discussions are under way with international donors to support the multi-year modernisation effort.<\/p>\n\n\n\n

\u201cThis level of investment is critical to sustain revenue growth, streamline trade, and protect our borders,\u201d he told ABS.<\/p>\n\n\n\n

The Antigua and Barbuda <\/a><\/strong>Sales Tax (ABST) remains the single largest contributor to customs revenue, accounting for over 40% of collections. <\/p>\n\n\n\n

Officials say this year\u2019s performance positions Customs as a cornerstone of government revenue and a central player in economic management.<\/p>\n\n\n\n

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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Antigua and Barbuda\u2019s Customs Division is on course to collect up to $560 million in revenue this year, fuelled by resilient trade activity and tighter enforcement across the border control system. The forecast was made by Comptroller of Customs Raju Boddu during an interview with ABS, in […]<\/p>\n","protected":false},"author":12,"featured_media":166879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-237834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua Barbuda Customs Revenue Hits New Highs - Antigua News Room<\/title>\n<meta name=\"description\" content=\"Antigua Barbuda is seeing a revenue boost, with forecasts reaching $560 million thanks to improved border control and compliance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/antigua-and-barbudas-customs-revenue-could-hit-560-million-in-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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