Customs exceeds projected revenue target by $10 million in 2025
COMPTROLLER of Customs and Excise, Selwyn DaSilva, has disclosed that the revenue earning department surpassed its revenue mandate by approximately EC$10 million in 2025.
DaSilva, who did not say what was the income mandate, shared the information during the launch of the upgraded ASYCUDA World 4.4.0 platform of VSwift, which became operational on June 8, 2026. Speaking at the launch on Monday June 8, 2026, the Comptroller said, “We exceeded our revenue mandate by 10 million dollars for the fiscal year of 2025”. He attributed this achievement to the continued dedication of staff, and improvements in customs administration and compliance. DaSilva also spoke about the contribution of the Customs to the national coffers in 2024 and 2025.
“Customs revenue accounted for 10.9% of nominal GDP in 2024. In 2025 Customs collection accounted for 48.8% of total tax revenue for St Vincent and the Grenadines,” DaSilva stated.
“Customs matters because we develop and implement trade facilitation measures that improve efficiency.”
DaSilva went on to speak about the importance of the upgraded ASYCUDA system, described it as a significant milestone in the country’s ongoing efforts to modernize border management and improve the efficiency of trade processes.
“This upgrade is not just a system enhancement, it is the first major step towards full implementation of the VSwift, our national single window for trade.”
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