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Cumhur Minister Kararyla, In order to reduce automobile imports, which negatively affect the current account, and support domestic producers, the TV rate was increased on the first imported automobiles, while the VAT rate on education and production services was increased. reduced from 8 percent to 1 percent. This difference should reflect positively on parents.
With the President’s decision published in the Official Gazette, the Ministry of Finance and Finance decided to regulate the ranges of volume of engine cylinders and the tax bases for private consumption in order to reduce imports of automobiles, which have a high level of negative impact on the current account.
In Turkey, almost all cars (99.3%) of 1600cc subject to TV ratio of 60 in the lowest percentage, and all cars above 1600cc are imported. Although the TV tariffs applied to the cars of this group increased, the objective was to support the national producer and the national industry by increasing the duty-free sale price from 70 thousand to 85 thousand liras in the area of intensive internal production, which is below 1600 cc.
By maintaining the existing correlation for hybrid cars, the TV rates between them were also raised fairly.
Thus, with the change in fiscal policy, the demand for high-priced imported cars shifts to cars subject to a low TV rate, in this context, lower-priced cars are imported, sales of domestic cars increase, the amount of honey decreases. imported and its composition changes, which is called lower import costs. It aimed to contribute positively to the decline.
For example, for cars whose engine cylinder volume does not exceed 1600 cc and the base TV rate exceeds 130 thousand lira, the TV rate has increased from 60 percent to 80 percent.
The tax rate was increased from 100 percent to 130 percent for electric cars whose engine cylinder volume exceeded 2000 cc, and for electric cars that exceeded 170,000 lira, and from 110 percent to 150 percent for the rest.
– Reduction of the VAT rate in education and training.
On the other hand, With another regulation published in the Official Gazette, the VAT rate on educational and productive services, which is currently subject to 8 percent VAT, was reduced to 1 percent.
Thus, during the epidemic period, the VAT rates of taxpayers who are active in this field before the beginning of the education-production period, including universities, aimed to reflect the difference in a positive way in parents.
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