How much did the prices of the vehicles rise after the fiscal regulation of the SCT?

The tax regulations of the SCT were published in the Official Gazette. With the regulations, the limit of the tax base has been increased. According to this; For vehicles with a cylinder capacity of less than 1,600 CC, the lower limit of the tax base was increased from 120,000 lira to 184,000 lira. The upper limit of the tax base was increased from 200 thousand liras to 280 thousand liras.

SCT BASES REGULATION IN THE OFFICIAL GAZETTE

As the price of the cheapest car in the vehicle market exceeded 400,000 liras, citizens expected a reduction from the SCT or liquidation of taxes, but Minister Nebati, when asked about the automotive SCT, said: “We are working on the tax base”, and gave the message that they would not make a regulation on the proportional discount.

A new regulation was made on the basis of the Special Consumption Tax (SCT). The decision was published in the Official Gazette.

HOW MUCH WILL THE PRICES OF VEHICLES LOWER WITH THE BASIC REGULATION OF THE SCT?

The expected discount rates on automobiles were as follows:

* Although there is no change in the price of cars with a sale price of more than 594 thousand 722 lira including tax for cars under 1600 cc, the sale price including tax has been increased from 120 thousand lira to 184 thousand liras, which is based on the 45 percent SCT rate, from 212,401 to 369,104 liras The price of cars decreased between 7,000 and 54,000 liras,

* Likewise, as a consequence of the increase in the excise tax threshold, which is taken as the basis for the 50 percent SCT rate, from 150,000 liras to 220,000 liras, the price of cars with a sale price of 369,106 – 467 thousand 280 liras including taxes decreased between 43 thousand and 78 thousand liras,

* With the increase of the base threshold of the SCT, which is taken as the basis for the rate of 60% of the SCT, from 175 thousand to 250 thousand liras, the average price of cars with a selling price of 467 thousand 282 – 531 thousand lire, including taxes, decreased by 52,000 to 59,000 lira,

* As a result of the increase in the excise tax threshold, which is taken as the basis for the rate of 70% SCT, from 200 thousand lira to 280 thousand lira, the price of cars with a sales price of 530 thousand 002 – 594 1,720 lira, including taxes, is expected to decrease between 29,500 and 33,000 lira.

HOW MUCH WILL VEHICLE PRICES LOWER?

Stating that with the regulation there will be a limited discount between 5 and 16 percent on the prices of new vehicles, which have increased at least between 60 and 90 percent since the beginning of the year, the representatives of the sector explained that the regulation did not comply The expectations.

The used car price discount is expected to be further limited to 5-10 percent.

Another concern is that, due to inflation and rising production costs, the effect of even this inadequate regulation will be short-lived.

ANOTHER ARRANGEMENT MAY COME BEFORE THE ELECTIONS’

Speaking to Sozcu.com.tr, tax expert and faculty member of Ondokuz University Faculty of Law Mayıs, Assoc. Dr. According to the information provided by Murat Batı, a new vehicle, which cost 560 thousand lira until yesterday, fell back to 530 thousand TL with a 5 percent discount after the regulation; A vehicle with a value of 400 thousand TL decreased by 16 percent to 334 thousand TL.

According to Batı, who says that today’s regulation will not make any difference for vehicles with a selling price of TL 595,000 or more, another regulation can be made before the elections.