Everything for sale in Turkey has recently been hiked. The reason for this is Increase VAT from 18 percent to 20 percent. The state tries to cover the treasury’s money needs by raising taxes. In this context; One of the tax items that contribute the most to the treasury of the Republic of Turkey. excise duty on new cars.

The Turkish Grand National Assembly (TBMM), yesterday additional budget proposal decided to approve. With this approval, it was decided to extend an additional credit of 1 trillion 119 billion 514 million 513 thousand lira to the public. On the other hand; Some target tables have also been changed as part of the proposal. In this context; According to Emre Özpeynirci’s post One of the items that changed was zero auto SCT. The state, the amount of SCT it wants to collect at the beginning of the year 203.6 billion TL, 346.5 billion TL by increasing 70 percent as revised.

Could raising the target herald the SCT surge?

Everyone knows that the tax burden in Turkey is already too high, but when mathematics starts talking, lips go numb. Providing important data about the automotive world According to the statement of Erol Şahin of EBS Consulting government collected in the first five months of the year. 10% of all taxes covered by the SCT on new cars. So much so that only in May 34 billion 985 million 898 thousand TL SCT was collected. This amount was recorded as 125 billion 99 million 482 thousand TL for the whole year. In other words, the government paid a serious share of exactly 61.44 percent of the amount it intended at the beginning of the year. in the first five months of the year already collected.

Here are these stats, a possible rise in the SCT in this process where everything is going up. maybe not necessary reveals. Because, in parallel with the rise in the exchange rate and inflation, car prices are rising day by day, and of course the SCT collected from vehicles is also rising. Here we can talk about a simple math: SCT collected in April was recorded as 28 billion 302 million 487 thousand TL. This amount is in May. increased by 23.61 percent.was 34 billion 985 million 898 thousand TL.

If the increase between April and May continues through the end of the year, when will the target SCT be reached?

Now we are going to do some simple math with you. In this math, we assume that the April-May situation remains constant in periods like May-June, June-July and the SCT is calculated. When will you reach your new goal? we’ll look.

We have already mentioned that the total amount of SCT collected during January-May 2023 is 125 billion 99 million 482 thousand TL. When we combine this with the imaginary table above, In the August-September season This shows that a total of 322 billion 865 million 447 thousand TL SCT will be collected, almost reaching the year-end target of 346.5 billion TL. Each SCT to be collected from September, will leave extra money in the treasury. Let’s say we are talking about a huge amount of money here, such as 307 billion 441 million 179 thousand TL.

However this possibility valid if both car prices and sales figures remain as they are. A fall in sales or an increase means that this total will also fall, but it is expected that the target amount will be reached before the end of the year without the need for a VCU increase.