Treasury and Finance Minister Nureddin Nebati held a meeting today with Automotive Authorized Dealers Association (OYDER) President Altuğ Erciş and representatives of the association. During the meeting, issues related to the sector were discussed, and the regulation of the tax base was one of the important topics.
According to the news of Anadolu Agency, the new Base regulation will become valid in the very near future. According to the shared information, the date when the regulation will start to take effect is December 1, 2022.
Important sharing from Minister Nabati
Making a statement on his Twitter account, Treasury and Finance Minister Nureddin Nebati said, “In the last leg of our meetings with the business world today, we met with Automotive Authorized Dealers Association (OYDER) President Altuğ Erciş and the Members of the Board of Directors with him.” used his statements. Minister Nebati also said, “We have comprehensively discussed the outputs of the practices we have commissioned, as well as consultation-oriented opinions and suggestions.” also made a statement.
According to the information shared about the meeting, Minister Nabati stated that the final stage was reached in the regulation of the tax base, and announced December 1, 2022, as the date when the application would be implemented.
The Minister of Treasury and Finance, who previously made a statement on the taxes collected from automobiles, stated that there would be no change in the SCT rates, but some changes would be made in the tax base. With the change in the base, automobile prices are expected to drop drastically.
What kind of movement do you expect in the automobile market after the change in base? Do you think prices will decrease enough or will the tax base adjustment be insufficient?
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