Additional tax rate on some vehicles imported from China increased to 50%
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If you remember, last year, a 40% additional tax was imposed on electric cars of Chinese origin, compared to the 10% customs duty. In mid-2024, hybrid and gasoline vehicles were also included in the scope of this tax.
With the regulation published today, the additional tax on gasoline and hybrid vehicles has been increased from 40% to 50%. Electric and PHEV, that is, rechargeable hybrid vehicles (40%) were not changed.
This increase will affect the prices of brands such as Chery and MG, which bring gasoline or hybrid vehicles from China. While Chery’s SUV models stood out with their competitive prices, they were faced with huge price increases after the additional tax decision. This additional tax decision will also affect the increases that will be made as we enter 2025.
It is stated that after BYD’s investment in Türkiye, there are plans to establish factories in our country for Chery and MG. Although the authorities have given messages that “we are in the final stages” on this issue, no final statement has been made yet. These brands may be exempt from additional taxes if they receive an investment incentive certificate such as BYD.
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