The Ministry of Finance has taken steps to extend the 50% surcharge imposed on vehicle imports until December 31, 2026. According to the latest gazette notification issued in connection with the decision, this surcharge will be applicable to both used and refurbished vehicles.
According to sources in the financial sector, due to the continued implementation of these taxes, a significant reduction in vehicle prices in the country cannot be expected in the near future. The government has taken this decision considering the current economic conditions and foreign exchange management.