1.2. In the event of changing export proceeds into Turkish Lira, banks should prepare Foreign Exchange Purchase Document. It is possible to write the data related to company’s declaration and customs declaration on Foreign Exchange Purchase Document without demanding any other document from exporter companies which require purchase document in order to export.

1.3. If a company demands to prepare Foreign Exchange Purchase Document while exporting with Turkish Lira, it can do it. However, in case of export with private invoice, it is required to act upon views and instructions of Ministry of Economy and Undersecretariat of Foreign Trade.

1.4. In case of purchasing foreign exchange as export proceeds, it is required by banks that foreign exchange should be originated from abroad.

2.Collecting Export Proceeds
It can be collected;
2.1. via banks as a money order
2.2. in cash/effective (by the third persons who reside abroad or in Turkey and declare that they are importer, exporter or those who act on behalf of them)
2.3. via cheque (by the third persons who reside abroad or in Turkey and declare that they are importer, exporter or those who act on behalf of them)
2.4. via credit card

3.Export proceeds can also be collected as a credit given to real persons or legal entities or issued by the banks in Turkey or abroad.
4.It is possible to transfer export proceeds to Foreign Exchange Deposit Account and collect it wholly or in part from that account as export proceeds.
5.One can get export proceeds on behalf of manufacturing or exporting company from Foreign Exchange Deposit Account opened on behalf of a person or a company (which has a proxy) with foreign exchange on condition that power of attorney should be prepared before exporting.

3.Cash/Effective Collection of Export Proceeds
3.1. Customs Administration should detect with certified Cash Flow Statement whether effective export proceeds brought from abroad or not.
3.2. In order to get the effective being subject for Cash Flow Statement as export proceeds;
-It should be openly stated in the field of “Reason for Arrival” that the source of the effective is “export”.
-Identification of the person who submits Cash Flow Statement is compulsory.
-Written statement of exporter is also needed.

In the event that the amount of effective registered in Cash Flow Statement is completely attached to Foreign Exchange Purchase Document, it should be kept in by the bank without giving the original ones to those concerned. In the event that it is partially attached, the original one should be given to those concerned after writing a note on Cash Flow Statement about the amount attached to Foreign Exchange Purchase Document and make a photocopy of it.

3.3. Effectives delivered to the banks and registered in Cash Flow Statement can be sold to the banks by those concerned or can be transferred to Foreign Exchange Deposit Account opened in the name of foreign purchaser or exporter in Turkey. Afterwards, Foreign exchanges transferred to Foreign Exchange Deposit Account can be collected on behalf of exporting company. In the event that effectives registered in Cash Flow Statement is transferred in Foreign Exchange Deposit Account completely, it should be kept in the bank without giving the original ones to those concerned. In the event that it is partially collected, , the original one should be given to those concerned after writing a note on Cash Flow Statement about the amount attached to Foreign Exchange Purchase Document and make a photocopy of it.

3.4. Collecting the effective as export proceed by a bank (in the event that export proceed received as a transfer by those concerned is collected as effective from the bank) can be done providing that document of intermediary bank, which proves that effectives come from abroad, is submitted or the bank, which carries out transaction, gets the confirmation that foreign exchange (being a subject for effective) comes as a transfer.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

2- WHAT ARE THE CONDITIONS TO TAKE ADVANTAGE OF EXEMPTION?
In order to take advantage of the exemption, one should fulfil the following conditions;
2.1- One should continuously reside out of Customs Territory of Turkey at least 24 months until the date of his/her arrival to Turkey. If one is present in homeland maximum 185 days within a year before the date of last arrival to Turkey, aforesaid continuity will not be affected. Furthermore, that term is not required for persons who reside out of Customs Territory of Turkey at least 5 years within 10 years.
2.2- Check-ins and check-outs (which show their stay in Turkey or/and out of Customs Territory of Turkey) of those persons being within the scope of that provision will be determined electronically.
2.3- In order to import household goods within the scope of that provision, family unit will be based on. In order to determine family unit, it is required to have a Certificate of Identity Register Copy for Turkish citizens and dual citizens, or a document indicating registers of persons (which can be taken from our representations in foreign countries or foreign representations in Turkey) for foreigners. If that document is not provided in accordance with the law of foreign country, the data expressed in the documents will be based on during the declaration.
2.4- The house should be bought or rented at least 1 year. If one does not fulfil that condition, temporary admission will be applied to those household goods by means of total exemption.
2.5- Exemption is limited to the household goods which are used in one house.
2.6- For household goods within the scope of this provision, persons should submit the declaration of release for free circulation before their arrival or while they are arriving or within 6 months after their arrival.

3- HOW SHOULD ONE RELEASE HOUSEHOLD GOODS BEING SUBJECTED TO TEMPORARY ADMISSION INTO FREE CIRCULATION?
On condition that the house is bought or rented at least 1 year including the period of temporary admission, persons should continuously reside out of Customs Territory of Turkey at least 24 months before they arrive to Turkey. If one is present in homeland maximum 185 days within a year before the date of last arrival to Turkey, aforesaid continuity will not be affected. If a real person resides out of Customs Territory of Turkey at least 5 years within last 10 years, his/her household good will be released into free circulation by being exempt from customs duty  regardless of requirement for aforesaid period of time.

4- WHAT KINDS OF DOCUMENTS ARE REQUIRED FOR THE APPLICATION?
Stated persons, their partners or persons having power of attorney within the scope of article 225 of the Customs Law should apply to an authorized customs administration with the following documents.
4.1- It is required to have a Certificate of Identity Register Copy for Turkish citizens and dual citizens, or a document indicating registers of persons (which can be taken from our representations in foreign countries or foreign representations in Turkey) for foreigners. If that document is not provided in accordance with the law of foreign country, the data expressed in the documents will be enough during the declaration.

4.2- Acquired house:
4.2.1- If it is purchased, it is required to have title deed prepared on behalf of a person or his/her partner or a house which is bought from cooperatives (and whose title deed is not submitted because its construction servitude is done too late in the cooperatives).
4.2.2- If it is rented, it is required to have a one-year rental agreement (notarized) which is prepared on behalf of a person or his/her partner.

4.3- The list of household goods which will be attached to verbal declaration form.

5- HOW TO AVOID REPETITIVE USAGE OF FREE CIRCULATION RIGHT?
5.1- As for customs transactions related to used household goods, it can be electronically determined whether this right is used repeatedly by one person and the other family members or not.
5.2- If a person brings the goods in lots while arriving to Turkey, before his/her arrival, or within 6 months after his/her arrival, it will not be regarded as repetitive usage of this right.

Source: Official Gazette (06.06.2017 – 30088)

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.