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The Ministry of Treasury and Finance Issued a Statement Regarding the 'Change in the Special Consumption Tax in Automotive': This Step Was Taken to Contribute to the Reduction of the Current Account Deficit.
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Special Consumption Tax (SCT) rates for automobiles have been revised. With the new Presidential Decree published in the Official Gazette, the SCT rate for some vehicle groups has been increased to 220 percent, while the lowest SCT rate for electric vehicles is 25 percent. The new rates will take effect today. Highlights: The SCT rate for automobiles starts at 70 percent and rises to 220 percent. The lowest SCT rate for electric vehicles is 25 p…
Despite massive price increases, the camping boom remains unbroken – standard consumption tax and CO₂ penalty are driving up costs.
The Ministry of Treasury and Finance issued a statement regarding the 'change in the Special Consumption Tax in Automotive': This step was taken to contribute to the reduction of the current account deficit.
The AKP regime, as always, has once again passed the buck to citizens for the economic devastation it has caused. The Special Consumption Tax (SCT) for the automotive sector has been completely revised. According to the new regulation, SCT brackets will no longer be at 45 percent, but rather at 70 percent and will rise to 220 percent. The ceiling tax bracket has remained unchanged! Furthermore, new brackets and engine cylinder volumes have been …
A presidential decree published in the Official Gazette redefined Special Consumption Tax (SCT) rates for passenger cars. The President was given the authority to set different rates based on criteria such as engine size, battery capacity, and range. At the same time, the SCT bases have also changed. The Ministry of Treasury and Finance issued a statement regarding the SCT changes, emphasizing that the primary goal is to reduce the current accou…
The 2025 Special Consumption Tax (SCT) regulation, approved by the Turkish Grand National Assembly's Planning and Budget Committee, was published in the Official Gazette and entered into force. With the new tax system, determined by engine capacity and electric motor power, prices have increased significantly, particularly for pickup trucks, SUVs, and electric vehicles. While SCT rates can reach as high as 220%, the lowest SCT for electric vehic…
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