Turkey: Automobile SCT tax bases and price/inflation effect
According to the Presidential decree published in the Official Gazette; The tax base limits have been increased for cars with an engine displacement of less than 1,600 cc and hybrid cars with an electric motor above 50 kW but less than 1,800 cubic centimeters. It was also staggered between 50% and 80% SCT segments. This is expected to reduce taxed prices for some segments and models. According to this; · The upper limit of 45% SCT applied to passenger cars was increased from 92 thousand liras to 120 thousand liras.