Electric Cars Produced in Turkey Will Be Exempt from SCT

In today’s issue of the Official Gazette, an important decision has been published regarding the companies producing electric cars in our country. Ministry of Treasury and Finance published by “Communiqué Amending the Corporate Tax General Communiqué (Serial No: 1) (Serial No: 22)“, some companies that produce electric vehicles in Turkey grants privileges.

We should state that the decision is important for Türkiye. Because with this decision, brands that carry out R&D studies and produce electric cars in Turkey, indirectly. exempt from SCT they will become. Thus, it will be possible to see a technical decrease in prices in domestically produced electric cars. So how will this be possible? shared in the Official Gazette example Let’s talk about the subject.

The resulting excise duty for electric cars will be returned to the producing company

Let’s say Tesla decided to do R&D and establish a factory and produce cars in Turkey. In this context, according to the relevant laws and regulations investment incentive certificate get it. Let’s assume that the state gives 5 billion liras of support to Tesla annually.

Let Tesla produce 2000 cars in Turkey. From their sale 140 million TLLet the excise duty be born. When Tesla went and filed a return petition for this SCT, 56.5 percent of Tesla’s annual investment support (5 billion lira), ie up to 2 billion 825 million TL, was paid with the SCT amount. can be offset. In other words, Tesla will be able to count the 140 million TL SCT amount paid to the state to other tax debts to the state, and as a result, the money will remain in the safe. If the company wants this money cash as well as can get it back.

Price changes may be a little bit according to brands.

This paper may yield two different results. First, the manufacturer’s Not deducting the excise duty exemption from prices, instead keeping this amount in the safe and using it for investments. The second is to provide competitive advantage by deducting the SCT amount from the prices. In the meantime, let us remind you that there are two companies producing electric vehicles in Turkey: Togg and Ford Otosan.

Let’s take another example from Tesla. According to the brand’s website, the entry price of the Tesla Model Y into Turkey 878,190 TL. Let’s assume that the same cost (not possible, but alright) arises if the brand produces this car in Turkey. If the brand sells its vehicles with 0 percent SCT due to the SCT refund, sales price falls from 1.631.391 TL to 1.036.264 TL. Thus, it provides a very serious advantage over its competitors in the same segment.

regulation in the Official Gazette. from here you can reach.