The tax base adjustment, which was expected on December 1, took place as of yesterday. With the President’s Decision published in the Official Gazette, changes were made in the special consumption tax bases based on the rates for passenger cars. According to the decision, the basis for the 45% SCT rate was increased from ₺120 thousand to ₺184 thousand, and the basis for the 50% SCT rate was increased from ₺150 thousand to ₺220 thousand. The basis for the 60% SCT rate was increased from ₺175 thousand to ₺250 thousand, and the basis for the 70% SCT rate was increased from ₺200 thousand to ₺280 thousand.
With the base arrangement, automobile prices were reduced between ₺30 thousand and ₺77 thousand. With the increase in the tax base in the categories where domestic cars are concentrated, it is aimed to decrease the prices in this segment and thus to reduce the current account deficit by shifting the preferences to these domestic cars. The SCT baseline, which is taken as a basis for the 45% SCT rate, has been increased from ₺130 thousand to ₺228 thousand for hybrid motor vehicles whose electric motor power exceeds 50 kilowatts, engine cylinder volume does not exceed 1600 cc and does not exceed 1800 cc, and the SCT baseline, which is taken as a basis for the 50% SCT rate, was increased from ₺210 thousand to ₺350 thousand.
THE INCREASE WILL BE LIMITED IN MTV
The revaluation rate was published with the communiqué of the Revenue Administration. In the new year, the revaluation rate from penalties, fees and some taxes was 122.93%. Despite the increase in the Motor Vehicle Tax, President Recep Tayyip Erdogan is expected to use his authority for reduction in December. While the President has the authority to increase the motor vehicle tax by 50%, he has the authority to reduce it at the level of 80%.
Source: Sabah / Translated by Irem Yildiz