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This chart illustrates the savings using an ATA Carnet to clear customs with a £21,540 medical device in Turkey. The VAT rate is 18% and the estimated duty rate is 5%. Cost savings are approximately £4617 for a single use of the ATA Carnet to Turkey.
If the carnet were to be used multiple times, the savings increase accordingly.
Temporary Export of a Medical Device to Turkey. - 18% VAT Rate - 5% Duty Rate
Estimated Total = £336.94
|Costs @ £21,540 Value||ATA Carnet||Duties & Taxes|
|VAT @ 20%||£30.98||0|
|VAT @ 20%||£16.84||0|