Customs reports a 46% increase in tax revenue in 2022

Customs reports a 46% increase in tax revenue in 2022

According to Tom Fermi, the head of Customs’ customer relations and tax collection, in 2022 the share of customs duties in the entire tax base was approximately EUR 297 million, which is EUR 92 million more than in 2021. The increase was mainly due to increased imports. tariff. The European Union received 223 million euros from customs, of which Finland received a quarter of the total amount as a reward, which is 74 million euros.

The biggest tax revenuesThe year 2022The year 2021
Customs fees297 million € (+45%)205 million €
Tolls52 million € (+16%)45 million €
Import value added tax40 million €40 million €
Service fees, etc.40 million € (+900%)4 million €

Customs is part of the customs union of the European Union and customs are part of the EU’s own funds. The tariff is determined by the code and customs value of the goods. Generally, customs duties are not charged when the goods come from within the EU or from the EU customs area, but from outside the tax area, such as Åland or the Canary Islands.

In addition to customs duties, Customs collected import value added tax of 40 million euros, which was the same as in 2021. The stock of fairway fees increased from 45 million euros in 2021 to 52 million euros in 2022. Fairway fees are collected from vessels engaged in commercial shipping in Finnish territorial waters, and their amount depends on the type of vessel, net tonnage and ice class .

Customs’ miscellaneous service fees and other incidental income also increased by 36 million euros compared to 2021. The income included the sale of virtual currencies, which was 46.5 million euros. Of this amount, 37 million euros were included in miscellaneous service fees and the rest was used to write off the book value of the virtual currency.

The customs tax rate was 429 million euros, which is a significant increase compared to the previous year. The tax arrears were around one million euros and the tax arrears were 0.23%. This is a positive sign for the Finnish economy, as it shows that the country is recovering from the effects of the COVID-19 pandemic. Customs’ ability to collect taxes is essential for the country’s economic growth and development. Increasing tax collection also helps the Finnish government to finance key public services, such as healthcare, education and social services.


Source: The Nordic Page

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