The Special Consumption Tax (SCT) bases of mobile phones have been redefined. With the decision of President Recep Tayyip Erdoğan published in the Official Gazette today, tax rates are decreasing indirectly and this is expected to be reflected in the prices of mobile phones.
25, 40 or 50 percent SCT is collected from mobile phones according to their prices.
According to the new regulation, the excise tax base of mobile phones changes as follows:
- 640 TL, which was the upper limit of the 25% SCT in the past, has been increased to 1500 TL.
- The price upper limit for phones with 40 percent SCT was increased from 1500 TL to 3000 TL.
- 50 percent SCT will continue to be collected from phones with a price over 3000 TL.
How will it affect the prices?
According to Anadolu Agency (AA), it is foreseen that the tax rates, which will be indirectly reduced as a result of the updating of the tax bases based on the SCT rate for the categories with a high domestic density, will be reflected as a discount on the prices of these goods.
This is expected to contribute to the fight against current account deficit and inflation.
The decision provides an advantage of 113 to 265 liras by providing a 10.71 percent discount on mobile phones with a SCT base between 640 and 1500 lira; It is expected to create a discount of 177 to 377 TL with a price advantage of 6.67% for those who are in the 1500-3000 TL range.
Increase in excise duty on rolled tobacco and fermented wine
The first of the other products in which the SCT rates were changed with the Presidential decisions was the rolled tobacco. The applicable excise duty rate on rolled tobacco has been increased from 40 percent to 55 percent.
The minimum specific tax on fermented wines has also changed. The specific SCT amount, which was approximately 17 thousand 345 TL for fermented beverages such as apple, pear and honey wine, was increased to 29 thousand 548 TL.
According to AA, after the increase in the minimum fixed tax amount, a price increase of 4.2 lira is expected for a product in the 250 cl band.
There was no change in the fixed SCT amounts of wrapping tobacco.