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Turkey will increase tax rate for cars with diesel engines

Business Materials 25 October 2013 16:43 (UTC +04:00)

Azerbaijan, Baku, Oct. 25 / Trend R. Hafizoglu/

According to a bill on the state budget for 2014, Turkey will increase tax rates for cars running on diesel fuel, Sabah newspaper said today.

According to the newspaper, the decision was made in Turkey to protect the environment.
According to official statistics, the minimum tax on a car with a diesel engine is 517 liras in Turkey per year.

The number of motor vehicles operating in Turkey has reached 17,653,281, the Turkish Statistics Institute said.

According to the statement, 51.4 per cent of the total number of motor vehicles account for passenger cars, 16.4 per cent - trucks, 15.3 per cent - motorcycles, 8.7 per cent - tractors, 1.4 per cent - buses and 6.8 per cent different purpose motor vehicles.

According to the statement, some 41.5 per cent of motor vehicles run on liquefied gas, whereas 3.9 per cent of motor vehicles run on petrol and 26.1 per cent on diesel fuel.

Turkey ranks sixth in car production in Europe. The country produces or assembles Ford, FIAT, Renault, Toyota, Honda, Opel, Hyundai, Mercedes-Benz and MAN cars. Moreover, Turkey manufactures BMC, Temsa and Otokar buses.

The official exchange rate is 1.9760 TRY/USD on Oct. 25.

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