- Turkish Grand National Assembly accepted Bill Nos. 2/2697 and 2/2699 for consideration
- Bills aim to exempt specific vehicles from VAT and special consumption tax
- Measures include exemptions for new domestically manufactured vehicles purchased by individuals recycling their old vehicles
- Exemptions also apply to new vehicles purchased as replacements for commercial use by individuals making a living with a single vehicle
- Vehicles must be used in commercial activities for 10 years
- Laws would enter into force upon publication
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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