NCTS Stamp Duty

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter dated 28.03.2022 and numbered 73216421 received from the Directorate General of Customs, it is reported that work is being carried out by their Ministry to ensure the electronic accrual and collection of the stamp duties accrued for transit declarations registered in the NCTS System.

The same letter further reports that, within the scope of the work carried out,

• during the creation of the transit declaration, the following options regarding stamp duty have been created:

                0. Transaction Exempt from Stamp Duty (where the stamp duty is 0)

                1. Stamp Duty to Be Paid

                2. Stamp Duty Exception Applies

                3. Stamp Duty to Be Recorded in the Ledger, and that selecting one of these has been made mandatory,

• that, where the obligated party declares that the stamp duty will be paid by selecting option number 1, an accrual will be created on the basis of the LRN number and payment can also be made electronically through banks,
• that no accrual will be created if options number 0 or 2 are selected,
• that, if option number 3 is selected, the "ledger record date" field must be filled in,
• and that the said system arrangements will be put into live operation on 11.04.2022; and that, until a further announcement, no change will be made to the current workflows of the declaration other than the electronic accrual and collection of stamp duty.

 

 

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Date Added :2022-04-04 01:31:00