Although Turkey is not yet part of the EU, as being a party to GATT and having customs union agreement between Turkey and EU, main principles of customs regulation in Turkey is designed in parallel with EU customs rules.
Accordingly, the primary basis for the customs value of import goods is defined as the transaction value, that is the price actually paid or payable for the goods when sold for export to the customs territory of Turkey, and adjusted, where necessary.
Adjustments of the transaction value is defined on articles 27 and 28 of the Customs Law. Besides others, as the subject of this article, royalty related adjustment is defined as below;
royalty and licence fees are to be added to the price actually paid or payable for the import goods where they are related to the goods being valued that the buyer must pay, either directly or indirectly, as a condition of sale of the goods being valued, to the extent that such royalty or licence fees are not included in the price actually paid or payable. Continue reading “Royalty Payments in the scope of Customs Value”