Thu, Nov 14, 2024

40 percent tax, previously applied only to electric cars

40 percent tax, previously applied only to electric cars

Additional customs duty application; Motor vehicles, tractors, bicycles, motorcycles and other land vehicles, listed in the 87th chapter in the Customs Tariff Statistics position (GTİP) list, will be valid for all of their parts, parts and accessories.

Application, regardless of the cylinder volume; It includes automobiles with internal combustion engine and electric motor cars and electric car batteries.

This tax increase, which may affect the competitiveness of Chinese brands, can also change the preferences of consumers.

The reason for the tax increase is to encourage domestic production and to reduce the foreign trade deficit.

However, representatives of the automotive sector warn that this decision may lead to price increases to be reflected in the consumer and the decrease in the share of Chinese brands in the Turkish market.

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