Türkiye is contemplating decreasing the customs exemption threshold for purchases from overseas, in response to the top of the nation’s exporters affiliation on Wednesday.
The Trade Ministry is evaluating a proposal to scale back the present 30-euro ($34.13) duty-free restrict to 22 euros, Mustafa Gültepe, chair of the Türkiye Exporters Assembly (TIM), mentioned, in response to non-public broadcaster CNBC-e.
Goods ordered from overseas through postal or categorical courier providers are at the moment exempt from customs duties as much as a worth of 30 euros, together with delivery prices.
Purchases from international e-commerce platforms exceeding this restrict are topic to customs clearance and import procedures.
The threshold was decreased from 150 euros in August final yr to curb hovering imports after demand ballooned for items ordered from purchasing platforms like Chinese Temu, which sells merchandise at largely reasonably priced costs.
The import obligation on European packages was hiked to 30% from 18%. The tax charge on items from exterior the European Union was doubled to 60%.
Current rules enable a most of 5 gadgets per bundle, not more than two of the identical product, and a restrict of 5 purchases per individual per thirty days.
According to information from the Interbank Card Center (BKM), the quantity spent through native playing cards for purchasing from overseas elevated by 40% final yr, reaching TL 218 billion (over $5.7 billion).
Source: www.dailysabah.com