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Tariffs. Customs. Trade Remedies

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Turkish Ministry of Trade amends import control and inspection requirements for certain goods

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On 26 February 2022, the Turkish Ministry of Trade introduced the following changes regarding the control and inspection of certain imported goods, which are effective immediately: Medicinal products for human use and intermediates used only for human health, pharmaceutical products to facilitate treatment and protect health (except those that need special permission, products within the scope of the Medical Device Regulation and those that will be used for analysis in laboratories or for drug research)…

Venezuela: Exemptions from the payment of the Value Added Tax, Custom Duties and Customs Service Fee for several categories of goods and economic sectors extended

By and 1 Min Read

Baker McKenzie’s Global Compliance News Blog published “Venezuela: Exemptions from the payment of the Value Added Tax, Custom Duties and Customs Service Fee for several categories of goods and economic sectors extended” which can be viewed here.

Recent Customs Developments in Turkey

By , and 5 Mins Read

Turkish Ministry of Trade amended Customs Regulation On 30 December 2021, certain amendments to the Turkish Customs Regulation became effective. The amendments cover (i) laboratory analysis of goods prior to customs procedures, (ii) receipt of returned goods previously exported and (iii) the temporary importation of commercial air vehicle engines. The Regulation containing the amendments is available here (in Turkish). Pursuant to the amendments, it will now be possible to created temporary storage entry records for goods arriving…

Venezuela: Exemptions from the payment of the Value Added Tax, Custom Duties and Customs Service Fee for several categories of goods and economic sectors extended

By and 1 Min Read

Baker McKenzie’s Insight+ Blog published published “Venezuela: Exemptions from the payment of the Value Added Tax, Custom Duties and Customs Service Fee for several categories of goods and economic sectors extended” which can be viewed here

EU Commission Launches Survey on EU Customs and Tax Rules Governing E-commerce Transactions from Third Countries

By and 2 Mins Read

Recently, the European Commission launched a survey on the overhaul of EU rules governing e-commerce transactions from third countries from a customs and taxation perspective. The survey address issues related to both customs, VAT and excise duties. The survey states that whilst digitalisation of the economy and the increasing role of e-commerce offers a great potential for consumers and traders, it also present challenges. In addition, COVID-19 has increased the level of e-commerce import volumes…