CNBC-e shared today according to special news The 10-year requirement for purchasing a SCT-exempt vehicle will be retroactive.
The Turkish Grand National Assembly (TBMM) recently adopted an important regulation regarding the purchase of SCT-exempt vehicles by disabled individuals. In the new process that became official later, vehicles to be purchased with special consumption tax exemption The locality requirement was increased from 20 percent to 40 percent. By the decision of the President published in the Official Gazette The sales period of vehicles purchased with SCT exemption has been increased from 5 years to 10 years.. A surprising development brought this issue to the agenda today. CNBC-e’s sources in Ankara Accordingly, vehicles can be sold without penalty after 5 years, but the same people will not be able to buy their second vehicle before the 10-year period is met. In other words, a person who bought a vehicle 3 years ago will be able to sell his vehicle 2 years later, but will have to wait 7 years to purchase a new SCT-exempt vehicle.
New development…
Can sell but can’t buy!!
Ankara economic officials made new statements regarding the hot topic:
“Those who buy a vehicle with retroactive SCT exemption can sell it without penalty after 5 years, but cannot buy their second vehicle before 10 years.”
Note: By the way, end of November… https://t.co/jv0MpWSUdD
— Emre Özpeynirci (@eozpeynirci) December 30, 2024
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The previously shared official decision on this issue was as follows: “It has been decided, in accordance with the second paragraph of Article 7 of the said Law, to put into effect the attached Decision on the determination of the domestic contribution rate of vehicles falling within the scope of the exemption in paragraph (2) of the first paragraph of Article 7 of the Special Consumption Tax Law No. 4760. ARTICLE 1- (1) The domestic contribution rate in subparagraph (2) of the first paragraph of Article 7 of the Special Consumption Tax Law No. 4760 dated 6/6/2002 has been determined as “40%”. ARTICLE 2-(1) This Decision shall enter into force on the date of its publication. ARTICLE 3- (1) The provisions of this Decision shall be enforced by the Minister of Treasury and Finance.”