In order to increase and protect the share of domestic production in the domestic market and to encourage domestic investments, an additional customs duty of 40 percent of the import value or 7 thousand dollars/unit, whichever is higher, will be applied to fuel and hybrid passenger cars of Chinese origin.
Stating that in the new application, the tax is determined as 40% of the customs tax base of the vehicle or 7.000 Dollars per piece (whichever is higher), Obdan said, “The decision was taken within the scope of Presidential Decree No. 8639 and is included in the 87th chapter in the Customs Tariff Statistics Location (GTİP) list.” The field covers all passenger cars. The new application, regardless of cylinder volume; It includes internal combustion engine, electric engine and hybrid cars. "Although this decision is aimed at preserving our domestic production and increasing competition in the domestic market, it came after the USA imposed additional taxes on Chinese-made electric cars, solar panels and batteries." said.
“CHINESE MANUFACTURERS HAVE TO PERFORM THEIR INVESTMENTS AND CONTRACTS IN TURKEY QUICKLY IN ORDER TO AVOID LOSING THEIR SHARE OF THE PIE.”
Obdan said that Chinese vehicle manufacturers face such tax walls and technical obstacles all over the world. “This situation will accelerate the Chinese manufacturer's orientation to investment areas such as South America and Europe. "Chinese manufacturers, which have a significant market share in our country, will have to quickly carry out their investments and agreements with Turkey in order not to lose their share of the cake."
