News
05.05.2018
290

You can replace your old car with a new one! – Turkey 2018

The Ministry of Finance of Turkey made a proposal to create a special program. Its essence lies in the fact that machines older than 16 years can be handed over for recycling. For this, the owners will be able to get tax benefits while purchasing a new car. It is assumed that the tax can be reduced by up to 10 thousand Turkish Liras.

In addition, the government of Turkey issued an order for municipalities, to sell abandoned and confiscated cars as metals. Revenues from sales of local authorities should take place in state-owned banks. And those will buy gold on them in return.

Therefore, it is planned to reduce the number of cars thrown into landfills and replenish the country’s gold reserves at the same time.

07.05.2018

Important news

All news
Life in Turkey

The Turkish Statistical Institute (TÜİK) has sent an official request to the Directorate General of Migration Management to obtain up-to-date information about the closed areas in Alanya.

Read more 22.04.2025
World News

On April 22, 2025, the price of gold on the global market reached a new historical high of $3500 per ounce. This marked a clear signal amid growing anxiety in the global economy and increased demand for safe-haven assets.

Read more 22.04.2025
Life in Turkey

These changes are aimed at enhancing service quality and meeting the growing number of tourists and international flights, especially during the summer season.

Read more 14.04.2025
World News

Forbes magazine has released its new list of billionaires, with the number of billionaires surpassing 3000 for the first time. The leaders of the list are well-known business tycoons and tech giants, including Elon Musk, Mark Zuckerberg, and Jeff Bezos.

Read more 10.04.2025
>