Today’s edition of the Government Gazette, largely electric cars came up with the relevant decisions. In this context; used in electric cars The excise tax bases have been updated. For example, some electric cars were allowed to enter the lower tax bracket and become cheaper. Parallel to this, however, a remarkable development took place. Government, will come from China decided to levy additional customs duties on electric cars. For example, the vehicles of the brands that took a step to come to Turkey were expanded even before they could come to Turkey.

According to the Presidential Decree No. 6886, the product categories with Gtype Nos. 8703.80.10.00.11 and 8703.80.10.00.19 are valid if the products come from China. 40 percent additional customs duties sure will. These product categories only relate to electric cars. The customs tax, which used to be 10 percent, is now applied as an additional import duty of 40 percent.

Here is that update in the Official Gazette:

“(10)- IGV is applied as 40% for the importation of those who come from the People’s Republic of China.”

There are basically two tax items when selling cars to Turkey. These are VCA and VAT. The decision will raise vehicle prices significantly. Because a car from China baseis calculated with an additional 40 percent customs tax. Subsequently, the VKB and VAT calculation is made.

The additional customs tax is reflected in the prices at 54 percent!

As you know, there is a “tax of tax” practice in Turkey. In other words, taxes are calculated by multiplication rather than addition. Therefore, the increase in Chinese electric car tax bases will be 54 percent, as the current 10 percent customs duty is multiplied by an additional 40 percent tax.

Excise base regulation will weigh more heavily. Despite the additional tax, a price drop may occur

Journalist Emre Özpeynirci said that the prices of electric cars from China may fall after the decision has been taken. The reason for this is the tax base scheme. According to Özpeynirci’s calculation, a Chinese electric car entered Turkey yesterday for 28 thousand dollars, 40 percent SCT It could be sold in Turkey for an estimated 1 million 541 thousand TL. When the additional tax assessment comes into play in the VCU basic scheme, the same vehicle will be charged with 10 percent VCU today. 1 million 456 thousand TLIt can be sold to. Moreover, the profit of the distributor and the dealer does not change here. In other words, despite the additional tax, the price of the vehicle drops by about 90 thousand TL.

Emre Özpeynirci’s calculation is as follows:

The decision made will affect BYD the most.

In a news we shared with you a few days ago, the world’s best-selling electric car manufacturer BYDof Turkey’s future we talked about. The decision published today in the Official Gazette will affect this brand the most. Yes, the SCT scheme prevents prices from rising, but while the prices of electric cars from European brands are falling, the prices of BYD’s cars remain constant.

Which Chinese brands have electric cars in Turkey?

BYD has not yet come to Turkey, but there are already Chinese brands selling electric cars in Turkey. This Seres with Skywell. It was possible to see several SUV models of these two brands in Turkey. If we look at the websites of these brands, we see that the current prices are as follows:

• Skywell ET5: 1,299,000 TL
• Series 3: 991,250 TL