How to Calculate SCT and VAT on Vehicles?

Cheap car rental In vehicles How are SCT and VAT calculated?< We wanted to inform the drivers about the /strong> question. So How are SCT and VAT calculated on vehicles?

How are SCT and VAT calculated on vehicles? Brands, models and features directly affect vehicle prices. Other factors affecting vehicle prices are taxes. The applied SCT and value added tax are factors that directly affect vehicle sales. So what are SCT and VAT on Vehicles and how are they calculated?

What is SCT?

What is SCT? p>

Cheap car rental company, SCT means "special consumption tax". income and this tax came into force in 2002 as part of the EU's unification process. It was decided to pay this tax, which is applied to various products such as gasoline, cigarettes, alcohol and mobile phones, as well as new cars, in order to reduce consumption and thus reduce the damage to the environment. Those who own a vehicle can benefit from the SCT tax exemption, that is, they can buy a vehicle without paying SCT. Of course, at this point, it is worth noting that the highest product price for disabled vehicles in 2020 is 303,200 TL.

What is VAT?

Before explaining the answer to the question

How are SCT and VAT calculated on vehicles?, if we need to explain VAT as cheap car rental; value added tax or "value added tax"; It is an excise tax paid by buyers of products or services to suppliers of products or services. The VAT rate for food and products is 8%, and the VAT rate for contracts and invoices is 18%. The biggest difference between SCT and value added tax is that although SCT is applied to zero products, value added tax is also a tax type applied to changed products.

How to Calculate Vehicle SCT?

Cheap car rental can explain how the SCT is calculated as follows:

The duty-free sales price of the vehicle and the number of engine cylinders are based on the calculation of the automobile SCT. For this reason, the amount of special consumption tax you have to pay may vary depending on the vehicle you buy.

The tax rate applicable to vehicles with cylinders shorter than 1600 cm³, the sales price of duty free cars in 2020 is the same as:

For vehicles with a cylinder volume of less than 1600 cm³ and less than 70,000 TL, the SCT rate is 45%.

For vehicles with a cylinder volume of less than 1600 cm, the SCT rate is 50% between 70,000 TL and 120,000 TL. The SCT rate is 60% for vehicles with a cylinder volume below 1600 cm³ and above 120,000 TL. If the cylinder volume of the engine is between 1600cm³ and 2000cm³, the SCT tax rate calculated on the tax-free vehicle price is as follows:

The cylinder volume below 1600 cm is 170.000 TL; The SCT rate for vehicles is 100%,

The SCT rate is 110% for vehicles with a displacement of 1600 cm³ and 2000 cm³ of 170,000 TL and above.

If the engine cylinder volume is 2000 cm³ and more, the duty-free vehicle price is not important.

The SCT rate is 160% for all vehicles with a cylinder volume of 2000 cm³ and above.

What is SCT Deduction?

SCT rates applied to vehicles are determined by the state and charged accordingly . However, interest rate cuts can be made from October 31, 2018 to June 30, 2019, and SCT can be reduced in certain periods. In this case, you can buy the vehicle you want with a great discount and save money.

In order to calculate the SCT discount, the rate must first be determined. You can follow the example above to calculate and understand the discounted price of the vehicle to be purchased according to the determined SCT rate.

How to Calculate Vehicle VAT?

Cheap car rental can explain how VAT is calculated as follows:

Added value on the vehicle after SCT is added to the vehicle price tax calculation is made, factors such as engine cylinder capacity, vehicle sales price are not taken into account. The sales price of the automobile is reached after the 18% value added tax rate is added to the amount including SCT. Now let's give an example to explain the value added tax rate.

 The price of the car you want to buy is 500.000 TL including SCT.

500.000 x 18 = 9.000.000

9.000.000 / 100 = 90.000 TL (VAT will be paid)

500.000 (SCT included) vehicle price) + 90.000 (amount including VAT) = 590.000 (vehicle price including VAT)