Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Turkey Car Tax Rise Means $943,000 for a Bentley, Hurriyet Says

Oct. 14 (Bloomberg) -- Turkey is increasing special consumption taxes for cars, which is likely to raise the cost of luxury vehicles by 25 percent, Hurriyet reported.

An increase from 84 percent to 130 percent in the tax rate for vehicles with motors larger than two liters is likely to mean losses for distributors of luxury vehicles such as Audi and BMW that have significant inventory, the newspaper said.

A Bentley Mulsanne will now cost $943,000 in Turkey, Hurriyet said.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.