Dec.27, 2024 – Law No. 7537 Amending Tax Laws Adopted
With the Law No. 7537 on the Amendment of the Law on Civil Servants and Some Laws and Decree Laws published in the Official Gazette dated 27/12/2024:
New determinations were made in the authorization of the Ministry of Treasury and Finance regarding the declaration of force majeure in Article 15 of the Tax Procedure Law.
In the Special Consumption Tax exemption applied to the first acquisition of certain vehicles by the disabled and handicapped, a 20% localization requirement was introduced and the period was increased to ten years.
With the Presidential Decree No. 9321 published in the Official Gazette dated 27/12/2024; the domestic contribution rate obligation of the vehicles to be purchased within the scope of the exemption was determined as at least 40%.
