photo: Economim
Türkiye has implemented new tax measures on passenger car imports from countries outside the European Union and without a free trade agreement with the country, effective since November 22.
The measures are expected to reduce the availability of certain car models, weaken the competitiveness of specific brands, and lead importers to reevaluate their market strategies, The Caspian Post informs via Turkish news website.
Under the new regulations:
Gasoline and diesel vehicles will face an additional tax of 25 per cent or a minimum of $6,000.
Hybrid models will be subject to the same rate.
Plug-in hybrid vehicles will incur a 30 per cent tax or at least $7,000.
Electric vehicles will be taxed at 30 per cent or a minimum of $8,500.
The revised tax regime could increase the price of certain models by more than 500,000 Turkish lira, equivalent to roughly $12,000. The new rules will affect vehicles imported from China, Japan, Mexico, South Africa, and other major suppliers to the Turkish market.
Industry analysts say the move is likely to reshape Türkiye’s automotive import landscape, affecting both consumer choice and the pricing strategies of international carmakers.
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