Even if the D-PPI in October remains the same, the revaluation rate will be 121.08 percent. For a 1 percent increase, the rate will be 121.3 percent, and if it is 3 percent, it will be 121.8 percent. by law President Tayyip Erdogan‘of Motor Vehicles Tax(MTV) has the authority to reduce the revaluation rate by 50 percent.
In 2023, from passport to driver’s license and identity fee, from Motor Vehicles Tax. traffic The rate of increase in many items up to the fines will be determined by the inflation to be announced on November 3rd. In November, the 12-month Producer Price Index (PPI) increase as of October is announced by the Turkish Statistical Institute (TUIK). This rate, which is accepted as the revaluation rate, is then announced by the Ministry of Treasury and Finance. According to the law, the president has the authority to apply different rates for MTV. In 2019 and 2020, the revaluation was discounted for MTV. The rate for 2019 was 23.73 percent, the final rate was 15.9 percent, the revaluation for 2020 was formalized as 22.58 percent, and MTV was applied as 12 percent. For 2022, the rate was finalized as 36.2 percent, and the rate was reduced to 25 percent.
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What will happen to MTV?
In 2022, the tax of a car between 1-3 years old under 1,300 cylinder volume is 1,313 liras. Even if inflation never rises in October, the revaluation rate will be 121.08 percent. In this case, the tax of the same car will increase to 2 thousand 901 liras. If the same car is in the age range of 4-6, the tax in 2022 is 916 liras. With an increase of 121.08 percent, the tax will increase to 2 thousand 24 liras next year. In the 7-11 age range, this year tax 512 pounds. Next year, it will increase to 1,131 liras. The tax of a car between 1-3 years of age with a cylinder volume of 1,301-1600 is 2 thousand 287 liras this year. If the revaluation rate remains the same, the tax will increase to 5 thousand 54 liras next year. The tax for the 4-6 age group with the same cylinder volume is 1,715 lira. With a revaluation rate of 121.08 percent, the tax will be 3 thousand 790 liras.
TRAFFIC AND PASSPORTS
In traffic fines, however, revaluation has to be applied at any rate. Again, considering the 121.08 percent revaluation rate that will occur if the PPI does not increase at all, the penalty for running the red light, which is 427 lira, will increase to 944 lira. If the speed limit is exceeded by more than 30 percent, the penalty amount, which is 888 liras, will increase to 1,962 liras. 1 year passport mortar The cost is 452.30 liras. With the increase in the revaluation rate, the fee will increase to 999.6 liras. The book value will be 497.25 TL while it is 225 TL for this year. In this case, the sum of the 1-year fee and the book value will come to 1,496.85 liras. The revaluation rate is also of interest to those who want to bring phones from abroad. Telephone charges increase at the revaluation rate. This year the fee is 2 thousand 732 liras. If the revaluation rate increases by 121.08 percent with the most optimistic estimate, the fee will be 6 thousand 37 liras.
WHAT CAN HAPPEN?
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Tax Specialist Ozan Bingöl made calculations according to the alternatives of PPI. If the PPI falls by 2 percent, the revaluation is 120.6 percent, if it falls by 1 percent, it is 120.84 percent, if it stays the same, that is, there is no increase, it is 121.08 percent, if the PPI increases by 1 percent, 121.31 percent, if it increases by 2 percent, 121.55 percent, if it increases by 3 percent, 121.79 percent, if it increases by 4 percent. 122.03 percent, and if it increases by 5, it will be 122.26 percent.
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