Extension of Reduction of Customs Processing Fee
#Providenciales, Turks and Caicos Islands – Friday, 3 November 2023: The Customs Department is pleased to announce that on 25th October 2023, Cabinet approved the extension of the reduction
#Providenciales, Turks and Caicos Islands – Friday, 3 November 2023: The Customs Department is pleased to announce that on 25th October 2023, Cabinet approved the extension of the reduction of the Customs Processing fee to 5%. This adjustment will be effective from 1st October 2023 and is scheduled to end on 31st March 2025.
Under this extension, the public will not be required to make any applications to benefit from the reduced Customs Processing Fee. Changes will be implemented in the Automated System for Customs Data (ASYCUDA) to facilitate this adjustment, allowing the public to enjoy the benefits seamlessly.
The new rate of 5% will be applicable to all imports during this period, providing a cost-saving opportunity for individuals and businesses alike. This measure is part of the government’s ongoing efforts to support economic growth and make import and export processes more accessible and affordable for everyone.
We encourage all citizens, businesses, and stakeholders to stay updated on the latest information regarding this extension and its implications by visiting the Customs website at www.customs.gov.tc
