SCT automatic rise in gasoline and diesel
Tax increases fall like rain.
According to the stock market bill submitted by the AKP to Parliament, the excise tax (SCT) levied on fuel products will now automatically increase at the 6-month producer inflation rate.
The President will also have the authority to increase these taxes up to five times. Under current law, the president could increase the tax by 50 percent.
In the first six months of 2023, producer inflation was 14.82 percent.
Currently 2.5 TL per liter of gasoline and 2.06 TL per liter of diesel are charged. 18 percent VAT is also applied to this SCT.
After the proposal becomes law, the fixed excise duty on a liter of gasoline will increase to TL 2.9. When VAT is added, there will be an increase of approximately 43 cents per liter of gasoline. In diesel, an increase of 37 cents will be on the agenda.
The autogas SCT will also increase by 14.82 percent.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
