Ministry of Treasury and Finance launched an investigation into the automotive industry

The Ministry of Treasury and Finance announced that it started an investigation in order to prevent informality, stocking and unfair price increases in the automotive sector.

In the statement made by the Ministry, it was stated that complaints were received regarding the recent stocking of new vehicles in the automotive sector, violation of tax legislation, and tax losses and evasion by making collections by hand.

Emphasizing that the Ministry is in a very determined stance in combating informality, hoarding and unfair price increases, it was noted that the necessary research and investigations were initiated by the Ministry in order to prevent informality, stockpiling and unfair price increases in the automotive sector.

In the statement, it was stated that tax inspectors affiliated to the Ministry were working on the sales of 13 distributors, 256 dealers and 260 thousand vehicles in 39 provinces, mainly in Istanbul, Ankara and Izmir, in order to combat these issues:

“The information and document request processes regarding the sales transactions of 13 distributors and 256 dealers have been completed. In addition, within the scope of this study, information request letters were sent to 25 thousand buyers who purchased vehicles from dealers, and the issue of whether the buyers gave money to the dealers in person was the subject of research. In the light of the information received from distributors, vehicle dealers and buyers in 39 provinces, regarding those who disrupt the supply and demand balance in the automotive sector and cause unfair price increases, all necessary works and transactions will be carried out quickly by our Ministry, and the imbalances in the automotive sector will be eliminated and the necessary sanctions will be applied without delay to those who cause victimization of our citizens.”

Source: AA / Prepared by Irem Yildiz

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