SCT (Special Consumption Tax), which came into our lives about 20 years ago, is an expenditure tax on certain goods or products on a fixed or proportional basis. It applies to many things, from the electronics we buy to gasoline. According to the decision published in the Official Gazette today, the SCT amount taken from fuel has been increased. So how much was the fuel prices and the new tax rate-amount?
How much was the fuel prices and the new tax rate-amount?
The Presidential decision on the re-determination of the Special Consumption Tax amounts applied to some products in the past 2021 has been published in the Official Gazette and entered into force. With this decision, instead of a fixed or periodically updated amount, it can be quickly reduced or increased according to the instant situation.
As of today, the SCT amount of 2.52 TL per liter of gasoline increased by 5 TL to 7.52 TL. Similarly, the SCT amount of 2.05 TL per liter of diesel increased by 5 TL to 7.05 TL. Since 18 percent VAT is applied on the price with SCT, the amount of VAT increased by 90 cents. Therefore, there was a tax increase of 5 liras and 90 cents in total.
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As of July 15, 2023, after the increase in fuel prices by 1 lira and 34 cents, the liter price of gasoline was 28 liras 5 cents, diesel 26 liras 32 cents, while in Izmir the liter price of gasoline was 28 liras 64 cents, diesel 26 liras 98 cents.
After that, after the decision published in the Official Gazette on July 16, 2023, the gasoline price in Istanbul 33 liras 98 penny and diesel price 31 lira 94 penny While the price of gasoline in Izmir 34 lira 54 cents and diesel price 32 liras 88 cents it happened.
Tax-free fuel prices, tax rates and amounts
| Fuel/Price-Tax | pump price | tax free price | SCT Amount/Rate | VAT amount/rate | Total tax amount/rate |
|---|---|---|---|---|---|
| Gasoline | 33.98 TL | 21.28 TL | 7.52 TL, 22.14 percent |
5.18 TL, 18 percent |
12.7 TL, 37.40 percent |
| Diesel | 31.94 TL | 20.25 TL | 7.05 TL, 22.04 percent |
4.91 TL, 18 percent |
11.96 TL, 37.42 percent |
note: Fuel prices vary by ±1 TL according to vendors, provinces and districts.