20.07.2025 07:40
The bill containing tax regulations has been accepted by the General Assembly of the Turkish Grand National Assembly and has become law. The special consumption tax (ÖTV) rates for vehicles with internal combustion engines at 45%, 50%, 60%, and 70% have been removed. Now, the rates will vary between 80% and 220%. For off-road vehicles, the ÖTV rate will be applied at 50%. The President will be authorized to determine the lower and upper limits of the ÖTV tax base.
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The Law on the Protection of the Value of the Turkish Currency and the Proposal for Amendments to Some Laws has been accepted by the Grand National Assembly of Turkey (TBMM) and has become law. According to the prominent articles of the law proposal that has been accepted and enacted by the TBMM General Assembly; the purchase and sale of foreign exchange, currency, stocks, and bonds, as well as the purchase and sale of precious metals and precious stones and any goods and valuables containing or made from them, the refining of precious metals, and the export or import of all these goods and valuables, commercial papers, and any means and documents that serve to secure payment will be regulated and restricted, and the President will be authorized to make decisions to protect the value of the Turkish currency.
PENALTIES OF UP TO 250,000 TL WILL BE IMPOSED
Those who engage in activities that require a license or authorization without obtaining the necessary permission or document will be punished with an administrative fine ranging from 50,000 to 250,000 Turkish Lira, and all activities at the workplace where the unauthorized activity was carried out will be suspended for one month. In the event of a recurrence of the unauthorized activity within 5 years following the date on which the administrative sanction decision regarding the administrative fine becomes final, the upper limit of the administrative fine will be applied.
EXEMPTIONS FROM VAT
According to the amendment made to the Value Added Tax Law, the delivery of light commercial vehicles, trucks, vans, off-road vehicles in the van category, and motorcycles that will be exclusively used for the national defense and internal security needs by the Ministry of National Defense, the Ministry of Interior, the Presidency of Defense Industries, and the National Intelligence Organization will be exempt from VAT.
Transfers and deliveries related to the sale of real estate owned by foundations under the General Directorate of Foundations and the managed foundations will also be exempt from VAT.
THE PRESIDENT WILL BE AUTHORIZED
According to the regulation made in the Special Consumption Tax Law, the initial acquisition of passenger cars with a local contribution rate of at least 40% listed in the II list of the Law, as well as off-road vehicles and motorcycles in the truck, van, and van category, will be exempt from SCT when used exclusively for the national defense and internal security needs by the Ministry of National Defense, the Ministry of Interior, the Presidency of Defense Industries, and the National Intelligence Organization. Light commercial vehicles that do not have domestic production to meet the needs of the relevant institutions are also included in the scope of this provision.
The President will be authorized to increase the rates for the goods in the II list of the Law and the lower and upper limits of the Special Consumption Tax (SCT) bases up to 3 times, to reduce them to zero, and to determine different rates for the engine cylinder volumes, ranges, and battery capacities of passenger cars and other motor vehicles manufactured primarily for transporting people, provided that they remain within these limits.
SCT RATES WILL BE DETERMINED ACCORDING TO THE CHARACTERISTICS OF THE VEHICLES
Changes are being made to the SCT base thresholds and rates for some passenger cars powered by fossil fuels and some hybrid cars that use both fossil fuel and electric motors. Accordingly, the SCT rates to be applied based on engine cylinder volume and electric motor power will range from 80% to 220%.
For off-road vehicles classified as light commercial vehicles with a maximum load capacity not exceeding 3,500 kilograms, the SCT rate will be applied at 50%.
4 SCT BRACKETS HAVE BECOME OBSOLETE
The SCT rates of 45%, 50%, 60%, and 70% for vehicles with internal combustion engines have been eliminated. Today, due to low base values, the SCT for the smallest vehicles with internal combustion engines will start at 80%.
NEW SCT RATES FOR HYBRID CARS
The SCT rate for hybrid vehicles, which have both internal combustion and electric motors, has changed. For those with an electric motor exceeding 50 kW and an engine cylinder volume not exceeding 1800 cc, the SCT is 80%, while for those with an electric motor exceeding 100 kW and an engine volume not exceeding 2500 cc, the SCT rate has increased from 130% to 150%. For those with higher engine volumes and electric motor power, this rate has risen to 220%.
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