The Turkish government would not extend tax breaks introduced to benefit the automotive sector but was considering a possible ‘cash for clunkers’ programme, industry minister Nihat Ergun said on Wednesday.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The cuts in consumption tax, introduced in March and extended in June, were aimed at stimulating the Turkish economy and also applied to consumer durables and other manufactured goods, Reuters noted.
