New Regulation In Taxation To Activate Market

28If the owners of taxi, passenger minibus, service bus and private public transport buses renew their vehicles by the end of 2016, would not pay special consumption tax, according to the statement of Prime Minister Davutoglu

Anew regulation has been done in vehicle taxation. The vehicle owners who would like to renew their vehicles including taxi, passenger minibus, service bus and private public transport bus will not pay special consumption tax by the end of 2016.

The announcement due to not to collect special consumption tax from those who would go to renew their commercial vehicles such as taxi, passenger minibuses, service buses, private public transport buses by the end of 2016, welcomed positively by the automotive sector as well as transport sector. Turkish prime minister has announced that special consumption tax would not be collected from owners of taxi, passenger minibuses, service buses, private public buses which will be renewed by the end of 2016; also cost of camera and GPRS would be subtracted from the taxation

Considering the new implementation would reflect positively to the commercial vehicle market the representatives of the automotive sector also stated the new regulation of the taxation would activate the market.

Ziya Alp Gulan, Chairman of the Board of Automotive Authorized Sellers’ Association (OYDER), stating that the said regulation would affect the market in a positive way, and said; “There are various taxation rates according to vehicles. When we see the implementation, we can state a clearly on the issue. However in the general meaning it is very positive development.”

Pointing out besides adding plus value to the sector as commercial, the said implementation would have benefits in terms of hauling standards, comfort, safety and environment, Gulan said, “It is very positive in every aspect. We hope our colleagues in the sector would use this advantage. Also in this aspect it would make a very positive impact in the sector.” He also highlighted the prices of camera and GPRS that would be subtracted from the tax was very crucial.

Meanwhile, Ali Haydar Bozkurt, CEO of Toyota Turkey Marketing and Sales Inc., indicating the announcement of Prime Minister Ahmet Davutoglu that would contribute to the automotive sector and would also activate commercial vehicle market.

The taxation regulation, which has been done for the commercial vehicles, would be also done for the passenger cars to yield benefit for automotive industry and shareholders, Bozkurt added.

Hayri Erce, General Coordinator of Turkish Automotive Distributors’ Association (ODD), said the new regulation would reflect to the sector positive and would motivate the sales.

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