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17 July 2024

Turkiye imposes fees on vessels for greenhouse gases

Due to publication of an amendment to the Ports Law No. 618, it has been decided that the fees to be collected from ship owners for the greenhouse gas emissions released by commercial ships coming to or departing from Turkiye's ports for the purpose of cargo or passenger handling will be determined based on verified greenhouse gas emissions and the current carbon price of the European Union Emission Trading System.

This fee will be paid annually by the end of September of the following year, based on the total amount of the previous year, and the collected amounts will be recorded as special revenue to the general budget.

Amendments were introduced on 9 July 2024 to Law No. 7519, which was published in the Official Gazette dated 9 July 2024 and numbered 32597. The Law stipulates that a Regulation to be issued by the President will determine the types of ships to be included in the scope, their voyage regions, tonnage, the rates of emission fees to be collected from the ships, and the procedures and principles regarding the monitoring, reporting, and verification of emissions.

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Contact Information

For additional information concerning this Alert, please contact:

Kuzey Yeminli Mali Müsavirlik A.S., Istanbul

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2024-1393

 
 

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