Kingstown St. Vincent June 9, 2026- The Customs and Excise Department collected almost half of all tax revenue in Saint Vincent and the Grenadines in 2025, according to Comptroller of Customs Selwyn DaSilva.
Speaking at the launch of the upgraded ASYCUDA World 4.4 system on Tuesday, Mr DaSilva said Customs accounted for 48.8% of total tax revenue last year, underlining the department’s importance to the country’s finances.
He also revealed that Customs exceeded its revenue target by EC$10 million during the 2025 fiscal year.
Mr DaSilva said Customs revenue represented 10.9% of the country’s nominal Gross Domestic Product (GDP) in 2024, while the department also played a central role in trade facilitation, border security, public health and disaster response.
Describing the launch of ASYCUDA World 4.4 as a “historic day”, he said the system would modernise trade processes and pave the way for the country’s National Single Window platform, V-SWIFT.
The new system allows traders to submit declarations online, make payments electronically and receive real-time updates on their transactions.
Mr DaSilva said the changes marked the beginning of a new era of “safer, smarter and faster” trade administration in St Vincent and the Grenadines.