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Electric cars produced in Turkey will be “exempt” from SCT: Will Togg T10X prices fall?

  • April 7, 2023
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An important decision has been published in today’s Official Journal about the companies that produce electric cars in our country. Ministry of Finance and Finance published by “Communiqué

Electric cars produced in Turkey will be “exempt” from SCT: Will Togg T10X prices fall?

An important decision has been published in today’s Official Journal about the companies that produce electric cars in our country. Ministry of Finance and Finance published by “Communiqué amending the general corporate income tax communiqué (serial number: 1) (serial number: 22)“, some companies that produce electric vehicles in Turkey grants privileges.

We must state that the decision is important for Türkiye. Because with this decision, brands that conduct R&D research and produce electric cars in Turkey come indirectly. exempt from SCT they will become. So it will be possible to see a technical drop in the prices of domestically produced electric cars. So how will this be possible? published in the Official Gazette example Let’s talk about the topic.

The resulting excise tax on electric cars is returned to the producing company

ÖTV support for electric car manufacturers

Let’s say Tesla decided to do R&D and set up a factory and produce cars in Turkey. In this context according to the relevant laws and regulations investment incentive certificate do you understand. Let’s assume that the state gives 5 billion lira in aid to Tesla every year.

Let Tesla produce 2000 cars in Turkey. From their sales 140 million TLLet the excise be born. When Tesla went to file a refund request for this SCT, 56.5 percent of Tesla’s annual investment support (5 billion liras), up to 2 billion 825 million TL, was paid with the SCT amount. can be settled. As such, Tesla will be able to count the 140 million TL SCT paid to the state as tax payable to the state. If the company wants this money cash aspect can get it back.

Price changes can be a bit according to brands.

Tesla factory

This article can produce two different results. First, that of the manufacturer Do not deduct the excise duty exemption from the prices, instead keep this amount in the safe and use it for investments. The second is to provide competitive advantage by subtracting the SCT amount from the prices. In the meantime, let us remind you that there are two companies that produce electric vehicles in Turkey: Togg and Ford Otosan.

Let’s take another example from Tesla. According to the brand’s website, the entry price of the Tesla Model Y is in Turkey 878,190 TL. Let’s assume that the same costs (not possible, but good) arise if the brand produces this car in Turkey. If the brand sells its vehicles with 0 percent VCA because of the VCA refund, sale price drops from 1,631,391 TL to 1,036,264 TL. So it offers a very serious advantage over its competitors in the same segment.

regulation in the Government Gazette. from here you can reach.

Source: Web Tekno

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