Turkey Gazettes Presidential Decision Determining Special Consumption Tax Rates for Electric Motor Vehicles

The Turkish Official Gazette Nov. 18 published Presidential Decision No. 7803, determining special consumption tax rates for electric motor vehicles. The decision includes measures setting the special consumption tax rates at: 1) 10 percent for electric vehicles with engine power not exceeding 160 kW and a special consumption tax base not exceeding 1.45 million Turkish lira (US$50,433); 2) 40 percent for all other electric vehicles with engine power not exceeding 160 kW; 3) 50 percent for electric vehicles with engine power exceeding 160 kW and a special consumption tax base not exceeding 1.35 million lira (US$46,955); and 4) 60 percent ...