“Motor Vehicle Tax may increase by 60 percent in the new year.” This really sad estimate belongs to tax expert Ozan Bingöl.
It is very difficult to own a new or second-hand car at current prices in Turkey. If you are lucky and own a car, the costs of this car will never end. Among the many different expense items that will arise Motor Vehicles Tax or on MTV. There’s an article about it on their website. issuing tax expert Ozan Bingolthe data he examined for the new year on MTV indicates an increase of at least 60 percent. Bingöl states the following on this subject:
According to Article 10 of the “MTV Law” titled “Authority”; MTV, effective from the beginning of each calendar year, the vehicle values and tax amounts applied in the previous year are increased by the revaluation rate determined and announced in accordance with the provisions of the Tax Procedure Law for that year. However, the President has the authority regarding this ratio.
Accordingly, the President is authorized to determine new rates, not exceeding 50% of the revaluation rate and not less than 20%, and re-determining vehicle values separately or together. This means: for example, the revaluation rate was 100%.
If the President does not exercise any authority regarding the increase rate, MTV will increase by 100%. If the President wishes to exercise power, the MTV increase rate can be between 20% and 150% (including these rates).
It tells you a lot when you examine different data periodically. When we examine the MTV collection figures, the increase in these figures and the President’s authority to reduce the rate used in periods when the revaluation rate is high, we consider that the motor vehicle tax in 2023 will be higher than in 2022. It becomes possible to predict that it will increase around 60-70%.”
YOU MAY BE INTERESTED
Examining the 2023 central budget proposal, Bingöl said, “MTV collection in 2023 38 billion 787 million TL is anticipated to be. This means that the MTV collection amount in 2023 will increase by 64.25 percent compared to the 2022 collection amount. In order to reach the collection target at this rate, MTV rates will need to be increased by at least 60 percent.” in the statement exists.
According to some calculations, if the hike comes as expected, it will be in 2022. 2 thousand 746 TL A person who pays “MTV” as much as 4 thousand 493 TL “MTV” will have to pay.