VATLive > Blog > VAT > Turkey ends low-value consignment stock relief

Turkey ends low-value consignment stock relief

  • VAT
  • Jun 12, 2019 | Richard Asquith

Turkey has withdrawn the import VAT low value consignment stock relief at the start of this month. Previously, postal packages with a declared value of €22 or less were exempted from import VAT.

The EU has the same exemption. However, it is also intending to withdraw its exemption in 2021. The explosive growth of e-commerce has meat a expanding volume of trade is escaping the tax net. Also, the threshold has enabled large amounts of fraud through deliberate under declaration of values on import documentation.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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