View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 30, 2009

TURKEY: Tax breaks out, clunkers scheme in, maybe

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.

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.

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.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto