AMENDMENT REGARDING THE IMPORTATION OF PROCESSED GOLD
Under the amendment, processed gold, including gold jewellery, may only be imported using the following payment methods: **cash against goods**, **deferred-payment letters of credit**, and **acceptance credit**. In circumstances determined by the Ministry, processed gold may also be imported on a **free-of-charge** basis.
Where the payment for processed gold was transferred abroad before the effective date of this amendment, the importation may be carried out using any payment method, provided that the relevant customs declaration is registered within 60 days from the date on which this provision enters into force.
Under the amendment, a **6% Resource Utilisation Support Fund levy (KKDF)** will be collected based on the invoice value. In addition, **20% VAT** will be charged on the amount of the 6% KKDF paid.
The amendment in question makes the definitive importation of gold jewellery economically unfeasible.
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Wednesday, 9 July 2025
COMMUNIQUE – Official Gazette – Issue No. 32951
From the Ministry of Treasury and Finance:
# COMMUNIQUÉ AMENDING THE COMMUNIQUE CONCERNING DECISION NO. 32 ON THE PROTECTION OF THE VALUE OF TURKISH CURRENCY
(COMMUNIQUE NO. 2025-32/76)
ARTICLE 1 – The following paragraph has been added to Article 6 of the Communique Concerning Decision No. 32 on the Protection of the Value of Turkish Currency (Communique No. 2008-32/34), published in the Official Gazette dated 28 February 2008 and numbered 26801:
“(12) Processed precious metals may be imported using the payment methods of ‘cash payment’, ‘cash against goods’, ‘deferred-payment letter of credit’, ‘acceptance credit’, ‘cash against documents’ and ‘free of charge’.”
ARTICLE 2 – The following provisional article has been added to the same Communique:
“PROVISIONAL ARTICLE 2 – (1) Until 31 December 2026, processed gold may only be imported using the payment methods of ‘cash against goods’, ‘deferred-payment letter of credit’ and ‘acceptance credit’. Processed gold may also be imported on a ‘free-of-charge’ basis in accordance with the procedures and principles to be determined by the Ministry.
(2) Where the payment for processed gold was transferred abroad before the date on which this Article enters into force, the importation may be carried out using all payment methods specified in the twelfth paragraph of Article 6, provided that the customs declaration relating to the importation is registered within 60 days from the effective date of this Article.”
ARTICLE 3 – This Communiqué shall enter into force on the day following its publication.
ARTICLE 4 – The provisions of this Communique shall be implemented by the Minister of Treasury and Finance.