According to the decree published in the Official Gazette, the special consumption tax base for mobile phones has been changed. According to this;
· For mobile phones priced at 1,500 Turkish lira (102 US Dollars) or less, the special consumption tax rate will be 25% (previous range up to 640 Turkish lira).
· For mobile phones priced between 1,500 TRY and 3,000 TRY, the special consumption tax rate will be 40% (previous range was between 640 TRY and 1,500 TRY).
· For the remainder of the price range, the SCT rate will be applied at 50%.
The main topics that stand out in other tax updates are as follows;
· The SCT rate for tobacco in packages of 500 grams or more (shisha tobacco, etc.) was increased from 40% to 55%.
· The minimum specific tax amount (cannot be sold below the determined amount) for fermented wines (apple, pear, honey wine, etc.) was increased from 17 TRY to 29 TRY.
The main purpose of tax regulation should be read as increasing budget revenues. Naturally, the aim of increasing the budget revenues rather than reducing consumption is more prominent in the taxes collected on consumption. The most important issue, the taxes from mobile phones, has not been updated since 2019. In the intervening period, the old tax bases became meaningless, especially with the rise in exchange rates and the rise in the prices of smartphones. The issue to be considered here is; The tax rates are the same, the price ranges subject to the tax rates have been updated. The price increases in recent years have directed the consumer from high-end phones to phones under the price range of 4000-5000 TRY. Although the tax ranges have been updated, it is still very difficult to find phones at lower tax rates.
Cell phones have a significant share in taxes on private consumption. SCT and VAT collections of the Ministry of Finance will increase by a limited amount.
Kaynak Tera Yatırım
Hibya Haber Ajansı