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September 17, 2020 Turkey increases special consumption tax rates on passenger cars Under the Turkish President’s Decree No. 2912, which was published in the Official Gazette on 30 August 2020 and entered into force on the same day, the special consumption tax (SCT) basis for determining the SCT rates was increased for passenger cars whose engine cylinder volume does not exceed 1600 cm3. In addition, the SCT rate for passenger cars in the same class with an SCT basis exceeding TRY130,000 was increased from 60% to 80%. Passenger cars with an engine cylinder volume exceeding 1600 cm3 but not exceeding 2000 cm3, and those with an electric motor whose electric motor power exceeds 50 kW and whose engine cylinder volume does not exceed 1800 cm3; the SCT rate of those whose SCT base exceeds TRY135,000 has been increased from 60% to 80%. Among other passenger cars in the same class, the SCT rate of such cars whose SCT base does not exceed TRY170,000 has been increased from 100% to 130%, and the SCT rate for those exceeding this amount has been increased from 110% to 150%. Passenger cars with an engine cylinder volume exceeding 2000 cm3, and those with an electric motor whose electric motor power exceeds 100 kW and whose engine cylinder volume does not exceed 2500 cm3; the SCT rate of those whose SCT base does not exceed TRY170,000 has been increased from 100% to 130%, and the SCT rate for those exceeding this amount has been increased from 110% to 150%. The SCT rate was increased from 160% to 220% in other passenger cars with engine cylinder volumes exceeding 2000 cm3.
_____________________________________________________________________________________________________________ For additional information with respect to this Alert, please contact the following: Kuzey YMM ve Bagimsiz Denetim A.S., Indirect Tax, Istanbul
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