20 percent additional tax on imports of certain jewellery

According to the Presidential Decree published in the Official Gazette; an additional financial liability of 20 percent will be applied to imports of products made of gold, gold with diamonds, and base metals coated with precious metals. An additional financial liability of 20 percent will be applied to imports from countries other than the European Union and countries with which a Free Trade Agreement has been signed According to the decree published in the Official Gazette with the signature of President Recep Tayyip Erdoğan; an additional financial liability of 20 percent will be applied to imports of products made of gold, gold with diamonds, and base metals coated with precious metals. The additional financial liability will be applied to products originating from countries other than those with which a Free Trade Agreement has been signed with the European Union. The additional financial liability will be collected by the customs administrations separately from customs duties and other financial obligations collected on imports. The decree will enter into force on the third day following its publication.