Breaking News… Scrap Vehicle Incentive in Parliament! Those Who Bring Their Old Ones Will Buy New Ones Without Special Consumption Tax and VAT…

A bill concerning millions of drivers who want to renew their old vehicles has been submitted to the Turkish Grand National Assembly. If the bill passes, those who scrap their vehicles older than 25 years will be able to buy domestically produced vehicles without Special Consumption Tax and VAT. The bill aims to renew vehicles older than 25 years in traffic and add them to the economy. The bill includes an article that foresees tax-free vehicle sales for tradesmen who work as drivers.

According to TÜİK data, the number of vehicles registered in traffic exceeded 30 million in August. While the average age of the vehicles was calculated as 14.5, it was determined that 25 percent were older than 21 years.

No Special Consumption Tax for Those Who Scrap Their Old Vehicles
The new bill submitted to the Parliament to reduce the number of vehicles 25 years old and older in traffic aims to add old vehicles to the economy. Within this scope, those who recycle their vehicles that are 25 years old and older will be able to buy vehicles manufactured in Turkey without paying Special Consumption Tax (SCT) and VAT.

DRIVERS WILL ALSO BENEFIT…
The bill, which also covers drivers who will buy commercial vehicles, also provides exemption from SCT for vehicles purchased for use in commercial activities for a period of 10 years.

Again, according to TÜİK data, it was stated that minibuses, buses, pickup trucks and trucks constitute approximately 6.5 million of the more than 30 million vehicles in traffic, while attention was drawn to the fact that nearly 100 thousand commercial taxis are in operation. It was stated that the maintenance and repair costs of their worn-out vehicles constitute a burden for drivers and that they also have difficulty in purchasing new vehicles.
It was stated that severely damaged vehicles, commonly referred to as “wrecked” vehicles, also pose a safety vulnerability in traffic.

Source: https://www.dunya.com/ekonomi/hurda-arac-tesviki-mecliste-eskisini-getiren-yenisini-otvsiz-ve-kdvsiz-alacak-haberi-754228