VAT on Gold in Turkey
Gold bullion is exempt from VAT. For jewellery and Cumhuriyet coins, VAT is charged only on the price above the bullion value of the gold they contain. Today 10 grams of 24K gold cost ₺62,262 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Turkey today, with tax
TRY · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 18K jewellery metal, with tax |
|---|---|---|---|
| 1 gram | ₺6,226 | ₺6,226 | ₺4,670 |
| 10 grams | ₺62,262 | ₺62,262 | ₺46,697 |
| 1 ounce | ₺193,657 | ₺193,657 | ₺145,243 |
| 100 grams | ₺622,623 | ₺622,623 | ₺466,967 |
| 1 kilo | ₺6,226,232 | ₺6,226,232 | ₺4,669,674 |
The rules in Turkey
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | Gold bullion is exempt from VAT. Külçe altın deliveries are exempt under KDV Law Art. 17/4-g. Buying 'bank gold' without physical delivery carries a separate 0.2% BSMV levy. |
| Jewellery | 0% on the gold | For jewellery and Cumhuriyet coins, VAT is charged only on the price above the bullion value of the gold they contain. Charged on: value above the gold content only (workmanship and margin). |
| Import duty | 0% | Since 2023, imports of unprocessed gold have been limited by a quota of about 12 t a month; some non-quota imports carry an extra tariff. The quota shows up as a market premium rather than a fixed duty. |
| Tourist refund | Yes | Non-resident tourists can reclaim KDV through tax-free shopping operators. On gold jewellery, KDV is charged only on the workmanship, so the refund is small. |
Compared with nearby countries
| Country | Bars and coins | Jewellery | Import duty |
|---|---|---|---|
| Turkey | 0% | 0% on the gold | none |
| UK | 0% | 20% | none |
| Ireland | 0% | 23% | none |
| Germany | 0% | 19% | none |
| France | 0% | 20% | none |
| Italy | 0% | 22% | none |
| Netherlands | 0% | 21% | none |
| Poland | 0% | 23% | none |
| Switzerland | 0% | 8.1% | none |
VAT on Gold in Turkey: FAQ
Is there VAT on gold in Turkey?
Gold bullion is exempt from VAT. For jewellery and Cumhuriyet coins, VAT is charged only on the price above the bullion value of the gold they contain.
Do you pay VAT on gold bars and coins in Turkey?
Gold bullion is exempt from VAT. Külçe altın deliveries are exempt under KDV Law Art. 17/4-g. Buying 'bank gold' without physical delivery carries a separate 0.2% BSMV levy.
Is there import duty on gold in Turkey?
Since 2023, imports of unprocessed gold have been limited by a quota of about 12 t a month; some non-quota imports carry an extra tariff. The quota shows up as a market premium rather than a fixed duty.
Can tourists claim back the VAT on gold in Turkey?
Yes. Non-resident tourists can reclaim KDV through tax-free shopping operators. On gold jewellery, KDV is charged only on the workmanship, so the refund is small.
Why is the gold price in Turkey different from the world price?
Grand Bazaar prices sit above world parity because of the import quota. The gap was about $9,800/kg (about 5.8%) on 30 Jan 2026, a record of about $12,500/kg at the peak, and about $5,000/kg (about 3%) by 25 Feb 2026.
Sources (3)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.