A new customs duty regulation for game consoles has entered into force in Turkey. Accordingly, a 50 percent additional customs duty will be applied to console imports. The decision directly affects consumers who want to buy game consoles and sellers operating in the sector. The additional tax is expected to be reflected in retail prices; however, no detail regarding the price impact was shared in the official statement on the matter. Information on the scope of the regulation, which product groups it covers and when the implementation will begin is not included in the source. Game consoles form a market in Turkey in which both domestic and foreign brands are on sale. The new tax rate may push consumer prices up by increasing the cost of imported products. The assessments of sector representatives and users regarding the regulation have not yet become clear.
50 Percent Additional Customs Duty Introduced on Game Consoles
It has been reported that a 50 percent additional customs duty will be applied to game consoles in Turkey.