Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

July 17, 2024
2024-1393

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.

* * * * * * * * * *
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
 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2024, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.

 


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or ey.com. Please refer to the privacy notice/policy on these sites for more information.


Yes, I accept         Find out more