According to the decision published in the Official Gazette last month, the revaluation rate, which determines the increase in fees, penalties and some taxes from the new year, was announced as 122.93%. With the decision of President Recep Tayyip Erdoğan, this rate was reduced to 61.5 percent for the new term.
The SCT tax regulation, which is expected to energize the automobile market, entered into force after being published in the Official Gazette about a week before the expected date. The revaluation rate for many items, from driver’s license to passport, from traffic fines to special communication taxes, was published in the Official Gazette last month and announced as 122.93%.
However, President Recep Tayyip Erdoğan had the authority to reduce or increase this figure by 50 percent, which was announced in the revaluation rate on MTV. With the decision published in the Official Gazette tonight, the MTV raise rate was reduced in the new year.
MTV raise rate was determined as 61.5% in the new year
According to the said revaluation rate, in 2023, the Motor Vehicles Tax revaluation rate 61.5% will be increased.