How Will TRT Share Increase Affect Smartphone Prices?

It was shared that while our access to technological devices in Turkey became increasingly difficult with the effect of the exchange rate, a regulation would be made in this regard in the near future. Today, applied in technological tools a new increase in one of the tax items More has been announced.

With the decision published in the Official Gazette dated 26 May A new hike in TRT banderole fees came. With the new regulation, TRT share is on mobile phones from 10% to 12%smart watches 8% to 14%on computers and tablets 2% to 4% and MP3/MP4 player, home theater systems etc. on devices 8% to 14% removed. So, how will the prices of smartphones change with the new hike in TRT share? Let’s take a look at the current taxes first.

How much tax is charged on smartphones?

If you try to buy a smartphone in the territory of the Republic of Turkey, the applicable and tax consisting of a total of 4 items You also have to meet. These taxes are applied on smartphones as follows:

• Special Consumption Tax (SCT) – Base price
  • If 1.500 TL or less: 25%
  • If it is between 1.500 TL – 3.000 TL: 40%
  • If it is 3,000 TL or more: 50%
• Value Added Tax (VAT) – 18%
• TRT Bandrole Fee – 10% (increased to 12%)
• Ministry of Culture and Tourism cut – %one

*However, at this point, we need to underline an important detail. Due to the current taxation system, the taxes listed above are calculated by multiplying each other, not by adding up. Therefore, when buying a smartphone, not only the taxes of the device, but also the taxes applied to the device. tax of taxes We pay too.

How much will a raise for a 10,000 TL smartphone?

Any product sold in the market together with the above tax items 10,000 TL smartphone priceWith the increase in the TRT banderol fee, it will change as follows:

• Phone current cost: 10.000 TL
• Price without 10% TRT share: 9.090 TL (including SCT, VAT and Agricultural Control)
• The new price of the phone with 12% TRT share: 10,180 TL (+180 TL)

You will pay 344 TL more to buy the iPhone 13!

• iPhone 13:
  • iPhone 13 (base model) fee: 18.999 TL
  • Fee with new TRT share: 19.343 TL (+344 TL)
• Samsung Galaxy S22:
  • Samsung Galaxy S22 (base model) fee: 15.999 TL
  • Fee with new TRT share: 16,289 TL (+290 TL)
• Xiaomi Mi 12:
  • Xiaomi Mi 12 (base model) fee: 20,999 TL
  • Fee with new TRT share: 21,380 TL (+381 TL)

How much the hike will affect prices also depends on the companies:

It is not yet certain whether the new regulation made in the TRT bandrole deduction will be reflected in the phone prices. With the tax, the profit that companies make from each phone sale will decrease in the same way as the levels we set above. Whether they raise phone prices at the same rate to make up for this loss of profit. It depends on companies and vendors.

On April 19, the SCT regulation was made: