In 2022, the base limits to be applied to new vehicles were regulated. The tax bracket has been increased from 3 to 5 for vehicles up to 1600 cylinders. The Presidential Decree was published in the Official Gazette.
The Presidential Decision to change the tax base limits to be applied in the purchase of new cars in 2022 was published in the Official Gazette. According to the decision published with the signature of President Recep Tayyip Erdoğan, intermediate stages have been added to the Special Consumption Tax (SCT) rates applied in three different tranches as 45, 50 and 80 percent for those whose engine volume does not exceed 1600 cubic centimeters (cm3). In the new year, the slices will be applied as 45, 50, 60, 70 and 80 percent.
Evaluating the decision to change the tax base limits, auto dealers say that the market is stagnant, and that the SCT base regulation will relieve the market. Stating that the discount on new car prices also affects second-hand vehicles, dealers say that prices may decrease by 15 percent.
“A GOOD OPPORTUNITY TO REDUCE VEHICLE PRICES OF THE BASE REGULATION”
Emphasizing that the change in tax base will have a positive effect on the market, the gallery owner Osman Güneş said, “Prices have been above normal for a long time. With such practices of the state, we, as tradesmen, need to put our hands under the responsibility. I think it is a good opportunity to reduce unnecessary vehicle prices. When new vehicles fall, they will inevitably fall in second-hand vehicles. We are willing to halve it. If the price of a car is 100 thousand TL, let it remain constant at 100 thousand TL. I think that the change in base will have a positive effect on the used car market. This reflection can vary between 10 and 15 percent,” he said.
“REFLECTION MAY TAKE TIME”
Stating that two more slices were added to the new vehicles with the SCT regulation, the dealer Pasha Tuğucu said, “With the added slices, 6 to 8 percent will be reflected on the new cars. In other words, there is a discount of 30-35 thousand TL for cars in the 400 – 450 thousand band. There is a situation like this, there is a shortage of new cars in the market. It may take time for this reflection to occur. This discount will also reflect positively on the second hand market. The market is stuck where it is at the moment, the figures are,” he concluded.
Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.
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