Additional taxes will be imposed on Chinese imported cars

Turkey took an important step to protect domestic automobile production and control the foreign trade deficit. With the decision of the President published in the Official Gazette, certain automobiles of Chinese origin are prohibited. additional customs duty (IGV) was brought. So what will the new taxation be like on vehicles coming from China?

40 percent additional customs duty will be applied to cars originating from China

According to the decision published in the Official Gazette, imported from China internal combustion and hybrid cars The additional customs duty rate was determined as 40 percent or 7 thousand dollars. Accordingly, it will be decided which amount is higher.

Within the scope of this decision, for all cars of Chinese origin, 50 percent tax payable. 10 percent of this will be calculated as customs, and 40 percent will be calculated as additional additional taxes. In pricing SCT And VAT You should not skip it either.

new regulation, European Union countries And Free Trade Agreement It will cover regions other than the signed countries. In addition to the application of additional customs duties, various regulations will be made in the import regime for purposes such as consumer safety, public health and protecting the market share of domestic production.

This decision aims to increase the competitiveness of domestic automobile manufacturers, which are declining in the domestic market. It also wants to direct users to domestic production.

The Ministry of Commerce has recently made many adjustments to its import policies. In this context, it aims to achieve domestic production, employment, foreign trade and current account balance targets. Additional customs duty will come into force after 30 days.