- A new program will allow families with three or more children to buy domestic vehicles without special consumption tax (SCT) and with VAT exemption.
- The program prioritizes families with three or more children and offers long-term payment, low installment, and flexible credit options.
- Owners who scrap vehicles older than 25 years can purchase new domestic cars tax-free.
- The “My First Car Domestic Automobile Family Support Program” will be submitted to Parliament before the end of 2025.
- Financing support will be provided to help low-income families own a car without straining their budgets.
Source: en.haberler.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.
Latest Posts in "Turkey"
- Update to e-Invoice and e-Archive Invoice Scenarios for VAT Amount Display and XSLT Files
- Turkiye removes simplified entries for B2C e-commerce imports
- Turkey Ends Low-Value Import Tax Breaks, Hikes Duties on Personal Shipments and Supplements
- Turkiye Abolishes Simplified Customs for Low-Value B2C E-Commerce Imports Effective February 2026
- End of VAT Deferral-Write-Off Under Provisional Article 17 and Post-2026 Implementation
