Due to the struggling economy and rampant inflation, the Turkish government is rolling out significant tax changes to curb the surge in online shopping from international stores. Import duties are set to rise sharply, and the exemption threshold will be lowered. Additionally, certain product categories will face an extra tax.
Turkey to curb cross-border e-commerce
Public
Turkey
Author: Stefan Ditrih
Category:
Fiscal subject related
Views:
151
Content accuracy validation date:
21.08.2024
Content accuracy validation time:
08:27h
E-commerce in Turkey has been booming, with online spending more than doubling last year, according to the Ministry of Commerce. This growth is partly due to inflation, but there's also substantial organic growth. This year, Turkey expects continued growth in e-commerce, with nearly 560,000 companies active in the sector. The government in Ankara aims to shield these domestic businesses from the growing popularity of foreign online stores.
Key changes include:
- Import duties on European packages will increase to 30% starting August 21, up from the current 18%.
- Duties on packages from outside the EU will double to 60%.
- The exemption threshold will drop from 150 to 30 euros, meaning more online orders from abroad will be taxed.
- An extra fixed tax of 20% will apply to luxury products under the Special Consumption Tax Law.
These measures follow recent hints from Turkey’s trade minister about new regulations for platforms like Temu and AliExpress. The European Union is also planning to abolish the import duty exemption for packages up to 150 euros by March 2028.
Other news from Turkey
Need to know essentials when opening an online store in Turkey
Public
Turkey
Author: Stefan Ditrih
Turkey
Author: Stefan Ditrih
Opening an online store in Turkey involves several key steps, starting with registering your business with the Trade Register. This process is straightforward and can be handled by a lawyer or accountant in Turkey. Steps to Set Up an Online Store Register Your Business: The first step is to register your business with the Trade Register. This legal requirement ensures your business is recognize... Read more
Updates to Turkey's e-Archive (e-Arşiv) System
Turkey
Author: Kristina Dosen
Starting July 1, 2024, Turkey's Revenue Administration (TRA) will implement new mandatory fields for e-Arşiv invoices. Let's find out more about this. Read more
New document was uploaded: Overview of fiscalization in European countries
Author: Kristina Dosen
This document contains an overview of the presence of fiscalization and its types in all European countries. Read more
VAT rates for food and beverage services in Turkey
Public
Turkey
Author: Kristina Dosen
Turkey
Author: Kristina Dosen
In Turkey, the application of value-added tax (VAT) on food and beverage services is subject to different rates based on the type of product and service scenario. In the following, we will focus more on VAT rates and their application in different scenarios. Here's a breakdown of the current VAT rates: 1% VAT Rate: This rate applies to agricultural products and certain essential goods 10% VAT... Read more
Key Elements of Turkey's e-Archive Invoices
Turkey
Author: Kristina Dosen
E-Archive is a special type of e-invoice used for B2C sales. Turkey's e-Archive system is used as an alternative fiscalization system that excludes any hardware requirements. Let's find out more about this topic. Read more
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more