Can someone please explain how duty works in the TRNC

ozwozz86


Joined: 24/10/2008
Posts: 336

Message Posted:
08/12/2008 23:09

Ok, lets say I want to start up a business in the TRNC(I'm half Turkish Cyp, half English)and want to bring over a load of equiptment from another country. If it totalled say ten grand, how much extra would they charge?Another instance, say it was eight grands worth of stuff but all second hand, then how much would they charge to bring in? I have never been clear as it seems to change all the time. Any held gladly appreciated.

Rotaciser


Joined: 22/11/2008
Posts: 39

Message Posted:
08/12/2008 23:16

Ozzwoz86 dont know how they calculate duty but it is similar to Uk imports If you dont have an import duty cert you will be charged the full price of the goods, if they are new. plus 30%. dont know about second hand stuff. So ! you would pay 10 grand plus £3000 costing you £13000

Regards Rotaciser

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
08/12/2008 23:22

Yep, they really want to encourage private enterprise, don't they.

Teresa


Joined: 21/11/2007
Posts: 1018

Message Posted:
09/12/2008 07:47

Ozzwoz you need to get an import licence FIRST then bring the stuff over. To get the import licence you need to go to the custms and tell them what you intend bringing over, they will sort out the paperwork for you and then when the good arrive they will also sort out the customs duty.

The amount of duty depends on what you are bringing and where it was made.

If it has been made in UK or Turkey then it is cheaper then if it has made in China.

Hope this helps a bit.

Teresa

nostradamus


Joined: 15/04/2008
Posts: 557

Message Posted:
09/12/2008 08:56

If you are in business and are importing goods, you will need an import licence. To get this you need to join the Chamber of Commerce - current price 350YTL per annum. They will provide the necessary paperwork for you to take to the Department of Trade . They will also be able to tell you the rates of duty etc. The Chamber of Commerce are very helpful I have found. They are in Lefkosa on the main road passing the hospital. Their office is on the left just before Ondur Department store.

ozwozz86


Joined: 24/10/2008
Posts: 336

Message Posted:
09/12/2008 12:58

Thanks all. Info greatly appreciated.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
09/12/2008 13:04

oz

when we were collecting our car from famagusta, we met someone in your sort of situ.

he was an english cypriot who was opening a garage here.

he was collecting his van which he had loaded with his equiptment, and just paying duty on the van so to speak.

it may help you. i suppose it ordipends what you are bringing.