Customs Duty Calculation on Imports

Another type of tax collected by customs authorities is the tax collected as import customs duty. As with all collected taxes, the amount of tax charged on imports varies depending on the type and quantity of the product. For many traders and entrepreneurs, one of the most important and frequently questioned aspects of import procedures is how much tax they will have to pay for products entering the country through import. In addition, how import customs duty is calculated is another major question mark for entrepreneurs. For this reason, in this article, we explain how import customs duty is calculated.

The amount of tax to be collected on the imported goods is basically determined based on the HS Code (GTIP number). This tax is calculated over the defined “Customs Duty Base.” The customs duty base can be approximately calculated using the following formula:
CIF: Goods value + insurance cost + freight cost.

APPROXIMATE CUSTOMS DUTY CALCULATION FOR IMPORTS

According to the new regulation published in the Official Gazette following a recent presidential decision, the duty-free shopping limit for overseas purchases via cargo has been reduced to 30 euros. In addition, customs duties have been increased. Under this regulation, the tax rate has been raised to 30% for orders coming from the European Union and to 60% for orders coming from other countries.

Accordingly, the tax to be collected in import transactions can be approximately calculated as shown in the example below.

For example, if you are importing a metal part worth USD 6,000 from China, you must first determine the applicable import customs duty rate based on the product’s HS Code (GTIP number). Let us assume this rate is 60%. In this case, we will base our calculation on the following data:
Goods value: USD 6,000
Insurance cost (3%): USD 180
Freight cost: USD 600

First, let us determine the CIF value according to the above figures:

CIF value = Goods value (USD 6,000) + Insurance cost (USD 180) + Freight cost (USD 600) = USD 6,780

After calculating the CIF value, the net customs duty is determined as follows:

CIF value x import duty rate determined by the HS Code (60%)

If calculated based on an exchange rate of 1 USD = 34 TL:

USD 6,780 = 230,520 TL

Since the customs duty rate is 60%:

230,520 x 0.60 = 138,312 TL

This amount can be calculated as the approximate import customs duty.

In addition to this calculation, expenses such as order delivery (ordino) and warehouse (storage) fees may also be included among your costs. To get detailed information about ordino, you can review the relevant articles on the QuickShipper blog page or contact us to receive detailed information from your QuickShipper sales representative. Moreover, with QuickShipper, you can have your import shipments from all over the world delivered express to your door at the most competitive freight rates.

Click here to carry out your import operations with QuickShipper.