HomeEconomyTürkiye hikes customs duty on purchases shipped from abroad

Türkiye hikes customs duty on purchases shipped from abroad

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Türkiye on Tuesday introduced new measures by which it hiked the customs responsibility utilized to items with a worth not exceeding 30 euros ($33) despatched through mail and cargo, doubling to 60% the responsibility on items coming from international locations exterior the European Union, as per decree revealed within the Official Gazette.

It mentioned the customs responsibility on such items coming from EU international locations has been elevated to 30% from 18% below a presidential decree. The similar charges are set to use for medicine with a worth of lower than 1,500 euros, the regulation mentioned.

If they’re particular varieties of merchandise, a further 20% tax on high of the mixed tax will likely be levied below regulation no. 4760 dated 6/6/2002.

The new regulation is anticipated to significantly have an effect on small private orders constructed from fashionable low cost procuring websites overseas. At the identical time, the abroad categorical transport procuring restrict has been lowered from 150 euros to 30 euros.

This transfer follows latest hints from Trade Minister Ömer Bolat about upcoming rules regarding on-line procuring by means of platforms from overseas, similar to Chinese Temu.

Temu, owned by China’s PDD Holdings, has gained recognition in Türkiye within the latest interval. One of the fastest-growing apps, it entered Türkiye just lately and has been current within the European Union since final yr.

Trade Ministry, nonetheless pledged to guard customers and home companies and based on some analysts the most recent regulation might be learn as a call to forestall the growing import of shopper items.

Türkiye has a excessive bilateral commerce quantity with China, which is being largely shifted towards imports.

European shopper rights group accused Temu earlier this yr of “manipulative” strategies to make customers spend extra, and the app is thought to supply a variety of products at largely reasonably priced costs.

The new regulation comes into drive 15 days after being revealed within the nation’s Official Gazette.

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Source: www.dailysabah.com

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