Explanation of Special Consumption Tax from the Minister: There are Revision Studies

In the past few days, “Whenever I say ‘flying car’ they try to make fun of us, but the world will talk about flying cars, artificial intelligence and hybrid rocket technologies.” which is on the agenda with the statement Industry and Technology Minister Mustafa Varankmade an important statement about the SCT hikes brought to electric motor vehicles this time. Minister Varank, the tax to the need arranged according to stated.

Turkey’s domestic car within the scope of TEKNOFEST events TOGG Minister Varank, who met with the press at his stand, said in his statements. SCT and VAT should also bestates that these taxes are determined in a way that will pave the way for the economic needs of the state and the sectors.

“Whether it’s VAT or SCT, when the needs are met…”

“Was the SCT hike on electric vehicles strategic or to support domestic vehicles?Answering the question, Minister Varank made the following statements at the TOGG stand:

The move there had a leg towards especially imported luxury cars. Unfortunately, there were those who tried to bring very luxurious cars to Turkey at more affordable prices, it was a move towards him. we of course our tax practices we are designing both by considering the economic needs of the country and paving the way for the sectors. Of course, whether it is VAT or SCT, when the needs arise.

As you know, VAT-oriented during the pandemic period very serious discounts we did. In this sense, our Ministry of Treasury and Finance neither wants to block the sector, nor does it want too many imported and luxury cars to be sold in Turkey. Of course, there are studies on revising these practices in the coming period in order to achieve this balance..