Apart from large geographical features Turkey has a booming economy that shows huge consumption of goods in various sectors. The country is investing a lot of efforts to create a positive environment for promoting business activities. Turkey is aiming to join the European Union and it is already a member of European Custom Union. In the past two decades the country has brought a lot of reforms in the finance sector. There are several policies and rules that govern the financial sector.
It also has an impact on the import trade. The Turkish market is a complex business arena if the importers are not fully aware of the compliance standards. Importer of Record Service in Turkey can play a key role in making the importers aware of the compliance rules and standards. IOR service Turkey can aid in overcoming the logistics challenging. Only an Importer Service Turkey can support businesses in carrying out complex import procedures.
Factors that make Turkey an Attractive Market
There are a number of reasons that make the country an attractive market. The first reason is the rapidly growing market and high demand for the goods. The second reason is the country provides a passage to the other fast growing economies in Asia. Thirdly, many steps are taken to meet the European Union standards and English language is used widely in the country. In addition to these reasons the country has a good record of management ethics and use modern management practices as well.
Import of Telecommunication Appliances in Turkey
For importing telecommunications and health sector equipment there are certain strict rules in Turkey that should be followed. The authority that oversees the compliance and inspection of telecom goods in turkey is ICTA. Any telecom network that has the capacity to connect with a public telecommunications network or has a radio wave transmitter needs approval from telecom authority. Appliances that have radio transmitters are called Radio Telecommunications transmitter equipment. The importers or manufacturers need license as RTTE to make and sell these equipments.
Compliance with Standards
The importers need to acquire some proof for the conformity to the set standards. The proof can take two forms, one is certificate from an authority and other is a declaration that clearly states the compliance with the standards set by the state. The declaration needs to include the name of the importer or its representative, product specifications, authorized body and the applicable compliance directives.
TAREKS Risk Based System
The government in Turkey started a risk based system that checked the quality and safety of the exported and imported goods. The basic aim was to improve the quality of the product for consumers and make the system more accessible using an e-signature online. Apart from that the aim was to reduce the entrance of risk based products in the market. The system includes telecom products, personal protection devices, medical equipment and other products.
Tax Structure in Turkey and Role of Importer of Record Service in Turkey
The import process requires the businesses to pay taxes and duties no matter the products are for business purpose or not. IOR service Turkey can facilitate the businesses in various ways by ensuring the compliance to the set of applicable standards.
Importer Service Turkey can help make the import of goods more effecient, safe and reliable. Importer of Record Service in Turkey can easily facilitate the overall process through its expert advice, There are several forms of taxes and duties that need to be paid at the time if importing goods to Turkey. Some of the key taxes are as follows:
• Culture Fun: The amount of this tax varies from 0.4%-2%. The tax is applicable on certain devices. The main aim of the tax is to attract investment and carry out developmental activities in the cultural sector of Turkey.
• TAREKS: It is a control system that is based on risk factors. It assures the safety and quality of the imported products.
• Custom Duty: The general tax taken from the importers for import of goods in the country.
• Banderol fees: The amount charged under this head is from 2% to 8%. The banderols are tax stamps on the products that ensure compliance and stops the trade of illegal products.
• Special Consumption Tax: The tax is applied on four different product categories. The rate of tax for each of the categories is different. The tax is mostly charged once, which is unlike VAT as it is charged for each time goods are delivered.
• VAT: In Turkey VAT is charged at the same rate as for the domestic goods. In certain cases VAT is as low as 1% or 8%.
AGOL Worldwide Inc as Importer of Record can provide your business with expert advice for importing goods in Turkey. We at AGOL Worldwide Inc can provide custom tailored solutions dedicatedly designed to meet your business needs. We can help overcome the logistical hurdles that your business might be facing in terms of data center equipment sourcing and deployments.
