The year 2023 marks the sixth year after the United Kingdom’s departure from the European Union. There have been numerous changes to the EU’s laws and regulations, and the Canary Islands are no exception. After Brexit, the Canary Islands adopted a new duty-free allowance scheme, allowing travelers to purchase goods at reduced costs. This article will explain what the new duty-free allowance from the Canary Islands is, as well as how travelers can benefit from it.

What is the Duty-Free Allowance?

The duty-free allowance is the amount of goods that travelers can purchase without having to pay any additional customs duty or taxes. The allowance is set by the EU, and the Canary Islands, as part of the EU, adopted the same allowance. The allowance is divided into two categories: goods for personal use and goods for commercial use.

Goods for Personal Use

The personal use allowance allows travelers to purchase goods up to a certain amount without having to pay any additional taxes or duties. The allowance is calculated based on the traveler’s age and the length of their stay in the Canary Islands. Generally, travelers aged 18-60 are allowed to purchase €430 worth of goods without having to pay any additional taxes or duties. However, if the traveler is under 18 or over 60, they are allowed to purchase €300 worth of goods without any additional taxes or duties.

Goods for Commercial Use

The commercial use allowance allows travelers to purchase goods up to a certain amount without having to pay any additional taxes or duties. The allowance is calculated based on the type of goods the traveler is purchasing, as well as the amount. Generally, travelers are allowed to purchase up to €2,500 worth of goods without having to pay any additional taxes or duties. However, there are some restrictions on certain types of goods, such as alcohol and tobacco.

How Can I Benefit From the Duty-Free Allowance?

The duty-free allowance can be a great way for travelers to save money on their purchases. By taking advantage of the allowance, travelers can purchase goods up to the allowed amount without having to pay any additional taxes or duties. This can be especially beneficial for travelers who plan to purchase large or expensive items, such as electronics or jewelry.

Tips For Maximizing Your Duty-Free Allowance

The following tips can help travelers maximize their duty-free allowance:

• Plan ahead. Make sure to plan your shopping trip in advance so that you can take advantage of the allowance.
• Keep receipts. Make sure to keep all receipts in case you need to prove that you purchased the goods within the allowed amount.
• Know the rules. Make sure to understand the rules and regulations regarding the duty-free allowance.

Conclusion

The duty-free allowance from the Canary Islands can be a great way for travelers to save money on their purchases. By taking advantage of the allowance, travelers can purchase goods up to the allowed amount without having to pay any additional taxes or duties. However, it is important to keep in mind the rules and regulations regarding the allowance, as well as to plan ahead and keep receipts. By following these tips, travelers can make the most of their duty-free allowance from the Canary Islands.