taxnews.ey.comPrint

03 May 2024

Turkiye's Ministry of Trade announces all trade with Israel has been halted

  • On 2 May 2024, Turkiye announced measures prohibiting all import and export transactions related to Israel with immediate effect.
 

An official announcement published by the Ministry of Trade of Turkiye on 2 May 2024 states that all import and export transactions related to Israel have been stopped, covering all products. This latest measure is the "second phase" of measures taken by Turkiye against Israel, after an initial restriction on exports to Israel, which included 54 product groups, effective as of 9 April 2024.

With respect to customs operations, it is no longer permitted to register customs declarations in Turkiye where Israel is included as a country of shipment, destination or origin.

* * * * * * * * * *
Contact Information

For additional information concerning this Alert, please contact:

Kuzey Yeminli Mali Musavirlik A.S., Istanbul

Ernst & Young LLP (United States), Turkish Tax Desk, New York

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

Document ID: 2024-0899

 

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 © 1996 – 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.

 

EY US Tax News Update Master Agreement | EY Privacy Statement