Turkey Gazettes Presidential Decision on Redetermined Special Consumption Tax Rates for Specified Vehicles

The Turkish Official Gazette July 24 published Presidential Decision No. 10115, on the redetermined special consumption tax rates for motor vehicles. The decision includes measures setting the special consumption tax rates: 1) between 70 and 220 percent for various vehicle types, and between 45 and 85 percent for hybrid vehicles, depending on the special consumption tax base and engine cylinder volume; 2) at 25 percent for electric vehicles (EVs) with engine power not exceeding 160 kilowatts (kW) and special consumption tax bases not exceeding 1.65 million Turkish lira (US$40,764); 3) at 55 percent for all other EVs with engine power ...