The additional tax rate on internal combustion and hybrid vehicles brought from China was increased from 40 percent to 50 percent in a surprise decision.
Turkey decided to impose an additional tax of 40 percent on electric vehicles in the first stage, and later on all vehicles imported from China. Today, the 40 percent tax rate on electric and rechargeable hybrid vehicles has been preserved, The additional tax rate for internal combustion and hybrid vehicles was increased from 40 percent to 50 percent.. There is now a total customs duty of 60 percent on the import of these vehicles (There is a 10 percent customs duty) will be paid. According to journalist Emre Özpeynirci, if imports are made within the scope of incentives for internal combustion, hybrid and PHEV vehicles, this additional tax not implemented.
The last bomb of the year…
Cars imported from China
Another additional tax has arrived!!-40% additional tax became 50-
💢In 2023, an additional 40 percent customs duty was imposed on electric cars of Chinese origin.
💢This decision was expanded in June this year and is now also for gasoline and hybrid vehicles. pic.twitter.com/QpZscYWuIv
— Emre Özpeynirci (@eozpeynirci) December 31, 2024
Yesterday, a step was taken regarding SCT-exempt vehicles. If you missed it, the upper limit for SCT exempt vehicles is 2,290,200 TL. upgraded. The full decision in the Official Gazette is as follows: had happened: “COMMUNIQUE ON AMENDMENTS IN THE GENERAL COMMUNIQUE ON IMPLEMENTATION OF SPECIAL CONSUMPTION TAX (II) LIST (SERIAL NO: 13) ARTICLE 1- General Communiqué on Special Consumption Tax List Application No. (II) published in the Official Gazette No. 29330 dated 18/4/2015 ;
a) The phrases “of 1,591,200 TL” in the first paragraphs of sections (II/C/1.2.1) and (II/C/1.3) are changed to “of 2,290,200 TL”,
b) The phrase “1,591,200 TL” in the third paragraph of section (II/C/5.1) has been changed to “2,290,200 TL”.
ARTICLE 2- This Communiqué shall enter into force on 1/1/2025.
ARTICLE 3- The provisions of this Communiqué shall be enforced by the Minister of Treasury and Finance.”
It worked for the locals!!
The upper limit for SCT-exempt vehicles increased from 1,591,200 TL to 2,290,200 TL.
The President did not use his authority, the limit increased at the rate of revaluation.
With the new regulation, only domestic vehicles produced in Turkey can be purchased with Special Consumption Tax exemption and will be valid for 10 years. https://t.co/q3xMXi1yTE pic.twitter.com/jkDOday24k
— Emre Özpeynirci (@eozpeynirci) December 30, 2024