Tax good news from the President! He used his authority and cut it in half!

revaluation rate, It is announced towards the end of November every year, making it clear that the hike will be applied in many hikes next year. Among these hikes, citizens are most interested in Motor Vehicles Tax that is, MTV as it is more commonly used in the public.

Here is what was announced in November and %122,93 If the revaluation rate, which was determined as , was applied without any intervention, it would be similar to many fines and payments from traffic fines to rule violations. MTV’s from 122.93% We would see an increase.

Tax good news from the President! He used his authority and cut it in half!

However, President Recep Tayyip Erdoğan, who has been given legal authority on this issue, has used his authority this year, as he did last year, to ensure that the rate is applied at a discount. According to the decision published in the Official Gazette1 January 2023 since MTV amounts 122.93% not at the rate %50’lik at a discount %61,5 will be applied. Of course, although it is not as much as the previous one, we should state that this rate is still very high for the citizens.

As a matter of fact, the vehicle that is between 1-3 years old and has an engine volume of less than 1,300 cm3 is currently MTV’si 1.313,80-TL from the next year, this amount is paid as 2.100.00-TL will rise above it. If you are driving a new vehicle with a higher engine displacement then 2023 you will pay in MTV amount It means it will bother you even more.

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