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Turkey reduces ÖTV tax on hybrid cars by 30

Turkey reduces ÖTV tax on hybrid cars by 30

July 30, 2024

The special ÖTV consumption tax is a tax on expenditure levied on certain goods or products on a fixed or proportional basis. 

According to a ruling published in the Official Gazette and which has entered into force, the ÖTV rate will vary from 30 to 70% for hybrid cars plug-in hybrid (for hybrid cars with a CO2 emission of less than 25 grams and a range of 70 km or more). Previously, the ÖTV rate for such cars was 80%.

The ÖTV tax rates would therefore be applied as follows:

for cars with an engine capacity of 1600 cc or less, a base value of 1,350,000 lire - 30% ÖTV

for cars with an engine capacity of not more than 1600 cc and a base value of more than 1350000 lire - 60% ÖTV

for cars with an engine capacity of 1600 cc or less, a base value of 1,350,000 lire - 30% ÖTV

for cars with an engine capacity of more than 1600 cc and a base value of more than 1350000 lire 
70% ÖTV

Car market experts have suggested that the biggest discount will be given to BYD car buyers. BYD’s advertising sites sell cars with zero mileage for 2 million 150 thousand liras. Assuming that dealers will also give such a price, the price after taking into account the reduced tax is expected to be around 1 million 320 thousand pounds (indicative calculation).

Using the BMW X1 xDrive30e, experts expect a reduction in its cost from 4 million 87 thousand liras to 3 million 632 thousand 887 liras.

The price of DS 9 OPÉRA E-TENSE 250, which is 4 million 478 thousand 100 liras, should be reduced to 3 million 980 thousand 532 liras, taking into account the new rules.

The ÖTV tax reduction has already entered into force.

 

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