06.09.2025 01:20
According to the Presidential Decision published in the Official Gazette, a Special Consumption Tax has been introduced for yachts, ships, and boats. The tax rate, which was previously 0%, has been increased to 8%.
According to the Presidential Decision published in the Official Gazette, an excise tax (ÖTV) has been imposed on yachts, ships, and boats.
In the Official Gazette published with the signature of President Recep Tayyip Erdoğan, the tax rates for some goods listed under the Special Consumption Tax (ÖTV) have been re-determined.
EXCISE TAX (ÖTV) IMPOSED ON SHIPS, YACHTS, AND BOATS
According to the published decision, the ÖTV tax, which was 0% for certain marine vessels including yachts, has been increased to 8%. With this decision, recreational ships not exceeding gross tonnage, passenger and recreational ships, yachts, boats, and other marine vessels for entertainment and sports purposes are subject to ÖTV.