undeclared luxury — A 57-year-old Cypriot man has been fined €20,000 for attempting to evade taxes on luxury goods brought from Switzerland, according to the customs department.
- undeclared luxury — A 57-year-old Cypriot man has been fined €20,000 for attempting to evade taxes on luxury goods brought from Switzerland, according to the customs department.
- The incident occurred on December 1 when the man arrived at Larnaca airport carrying a luxury watch valued at approximately €98,000 and a scarf worth around €2,000.
The incident occurred on December 1 when the man arrived at Larnaca airport carrying a luxury watch valued at approximately €98,000 and a scarf worth around €2,000.
Having purchased these items tax-free in Switzerland, the man was under obligation to declare them upon entering Cyprus, as Switzerland is not a member of the EU. However, he chose to bypass this requirement by attempting to exit through the channel designated for passengers with nothing to declare.
Customs officers intercepted him before he could leave the airport, leading to the hefty fine for the unpaid taxes on his luxury acquisitions. This incident highlights the importance of adhering to customs regulations when travelling internationally, especially regarding high-value items.