What Does Regulation on the Jewelry Trade Regulate?

Jewelry trading activities of legal entity or natural person merchants, artisans and craftsmans; procedures and principles about granting, renewing and cancelling of the competence certificate; principles, rules and obligations regarding the jewelry trade; the duties, authorities and responsibilities of the Ministry of Trade, authorized administrations and other relevant institutions and organizations regarding the jewelry trade has been arranged in the Regulation.

What are the Innovations Made at the Regulation Amendmenting to the Regulation on the Jewelry Trade?

Social Security Institution has published a General Letter to confirm that the presidency and management boards of labor unions and confederations are subject to unemployment insurance premiums.

On the General Letter, the authorities state that the presidency and management boards of labor unions and confederations are considered as insured within the scope of the article 4/1-(a) Law: 5510 (In Turkish).

Also, if the presidency and management boards of labor unions and confederations get retired during their duties, they can continue their duties and the social security support premium would be applied for these individuals.

The amount of fees collected from passengers departing abroad has been increased from 50 TRY to 150 TRY with The Presidential Decision on the Redetermination of the Amount of Departure Fee No. 5307 published in the Official Gazette (In Turkish) dated 18.03.2022 and numbered 31782.

What is Departure Fee?

Departure fee is mandatory fee for all Turkish citizens who is travelling abroad with a Turkish passport.

With the Presidential Decision No. 5303 (In Turkish) published in the Official Gazette dated 15.03.2022 and numbered 31779, amendments were made to the Customs Law. With the amendments;

Along with the changes, tax rates have been adjusted for online shopping,

• For non-commercial purchases under 150 Euros and drugs purchases that under 1.500 Euros made by natural persons;
• 18% if the goods come from the European Union,
• If the purchased goods comes from other countries (such as India, China etc.), it will be subject to 30% tax rate.
• Legal entities will also be subject to the same tax rates for purchases under 22 Euros.
• Items that are more than gifts brought by international passengers on their return will also be subject to the same tax rate.
• In addition, the applicable tax rate will be 0% for books or similar printed publications for individual use, the value of which does not exceed 1.500 Euro.