- A new Presidential Decree in Turkey increases additional customs duty rates on raw materials and final products in the textile industry.
- The Decree, No. 7709, was promulgated in the Turkish Official Gazette on 16 October 2023.
- The additional customs duty rates on certain goods classified in Chapters 51 to 63 were increased by rates ranging from 30% to 166.7%.
- The Decree will come into effect on 15 November 2023, thirty days after its publication.
Source: globaltaxnews.ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
