Turkey levies an 8% special consumption tax on luxury vessels such as yachts.

Turkey has announced a special consumption tax of 8% on yachts, motorboats, and other recreational boats, ending the zero tax rate exemption for luxury vessels. The measure, announced in a presidential decree published in the official gazette on Saturday, goes into effect immediately. It also includes small cruise ships and passenger boats not used for sea navigation. This move is part of Ankara's broader efforts to increase tax revenue.