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The revaluation rate for 2024 has been determined as 43.93 percent. The General Communiqué of the Tax Procedure Law prepared by the Revenue Administration of the Ministry of Treasury and Finance has been published in the Official Gazette. CPI HAS HAD AN IMPACTIn the communiqué, it was stated that according to the Tax Procedure Law, the revaluation rate is the average price increase rate in the Domestic Producer Price Index of the Turkish Statistical Institute for the same period of the previous year in October of the year in which the revaluation will be made (including October), and this rate must be announced by the Ministry in the Official Gazette. In this context, it was noted that the revaluation rate has been set at 43.93 percent for the year 2024. It was reported that previous communiqués published on this matter are still in effect. A NEW RATE WILL BE VALID FOR INCREASESThe rate of 43.93 percent determined for 2024 will have significant effects, especially in the business world and individual payments. It is expected that taxes, fees, and fines will be increased annually by this rate. The revaluation rate and the Motor Vehicle Tax (MTV) have also been clarified. President Recep Tayyip Erdoğan has the authority to increase or decrease the revaluation rate by 50 percent according to the laws. It is rumored that Erdoğan may use his authority to reduce MTV rates. If President Erdoğan does not use his authority, the MTV rates expected for vehicle owners in the new year, which will vary according to the age, engine capacity, and model of the vehicles, are as follows: MOTOR VEHICLE TAX IN 20252024 minimum MTV - 3,359 TL 2025 minimum MTV - 4,834 TL 0-1300 engine Vehicle value up to 180,600 TL1-3 years - 4,835 TL 4-6 years - 3,372 TL Vehicle value between 180,600 - 316,400 TL1-3 years - 5,313 TL 4-6 years - 3,707 TL Vehicle value of 316,400 TL and above1-3 years - 5,803 TL 4-6 years - 4,042 TL 1301-1600 engine Vehicle value up to 180,600 TL1-3 years - 8,421 TL 4-6 years - 6,314 TL 1301-1600 cc Vehicle value between 180,600 - 316,400 TL1-3 years - 9,267 TL 4-6 years - 10,000 TL 1301-1600 cc Vehicle value of 316,400 TL and above1-3 years - 10,112 TL 4-6 years - 7,577 TL 1601-1800 cc Vehicle value not exceeding 452,800 TL1-3 years - 16,330 TL 4-6 years - 12,801 TL Vehicle value exceeding 452,800 TL1-3 years - 17,866 TL 4-6 years - 13,956 TL 1801-2000 cc Vehicle value not exceeding 452,800 TL1-3 years - 25,792 TL 4-6 years - 19,862 TL Vehicle value exceeding 452,800 TL1-3 years - 28,142 TL 4-6 years - 21,677 TL 2001 - 2500 cc Vehicle value not exceeding 565,500 TL1-3 years - 38,695 TL 4-6 years - 28,091 TL Vehicle value of 565,500 TL and above1-3 years - 42,217 TL 4-6 years - 30,642 TL 2501 - 3000 cc Vehicle value not exceeding 1,131,800 TL1-3 years - 53,952 TL 4-6 years - 46,942 TL Vehicle value exceeding 1,131,800 TL1-3 years - 58,864 TL 4-6 years - 51,203 TL 4001 cc and above Vehicle value not exceeding 2,151,400 TL1-3 years - 211,479 TL Vehicle value exceeding 2,151,400 TL1-3 years - 230,698 TL 0-1300 engine Vehicle value up to 180,600 TL7-11 years - 1,882 TL 12-15 years - 1,420 TL 16 years and above - 499 TL Vehicle value between 180,600 - 316,400 TL7-11 years - 2,068 TL 12-15 years - 1,565 TL 16 years and above - 551 TL Vehicle value of 316,400 TL and above7-11 years - 2,264 TL 12-15 years - 1,709 TL 16 years and above - 594 TL 1301-1600 engine Vehicle value up to 180,600 TL7-11 years - 3,661 TL 12-15 years - 2,588 TL 16 years and above - 993 TL Vehicle value between 180,600 - 316,400 TL7-11 years - 4,031 TL 12-15 years - 2,838 TL 16 years and above - 1,085 TL Vehicle value of 316,400 TL and above7-11 years - 4,389 TL 12-15 years - 3,098 TL 16 years and above - 1,184 TL MOTORCYCLE 2025 MTV RATES100-250 cc 1-3 years - 899 TL 100-250 cc 4-6 years - 672 TL 100-250 cc 7-11 years - 496 TL 100-250 cc 12-15 years - 305 TL 100-250 cc 16 years and above - 115 TL 251-650 cc 1-3 years - 1,862 TL 251-650 cc 4-6 years - 1,409 TL 251-650 cc 7-11 years - 899 TL 251-650 cc 12-15 years - 396 TL 251-650 cc 16 years and above - 305 TL MINIBUS1-6 YEARS - Increased to 5,780 TL 7-15 YEARS - Increased to 3,817 TL 16 YEARS AND ABOVE - Increased to 1,862 TL MOTOR VEHICLE TAX FOR ELECTRIC VEHICLESWhile the MTV applied to internal combustion cars is reduced to one-fourth for electric cars, the MTV payments have recently increased to high levels due to the high engine power of new models. The age, market value, and kilowatts (kW) of the electric vehicle are decisive in the amount of MTV to be paid. 2024 model - 241 kW and aboveVehicle value up to 2,151,000 TL - 52,869 TL Vehicle value of 2,151,000 TL and above - 57,674 TL 2024 model - 211 kW-241 kWVehicle value up to 1,811,800 TL - 32,299 TL Vehicle value of 1,811,800 TL and above - 35,299 TL 2024 model - 181 kW-210 kWVehicle value up to 1,131,800 TL - 20,543 TL Vehicle value of 1,131,800 TL and above - 22,412 TL 2024 model - 151 kW-180 kWVehicle value up to 1,131,800 TL - 13,487 TL Vehicle value of 1,131,800 TL and above - 14,715 TL 2024 model - 121 kW-150 kWVehicle value up to 565,000 TL - 9,673 TL Vehicle value of 565,000 TL and above - 10,554 TL 2024 model - 106 kW-120 kWVehicle value up to 452,800 TL - 6,448 TL Vehicle value of 452,800 TL and above - 7,035 TL 2024 model - 86 kW-105 kWVehicle value up to 452,800 TL - 4,091 TL Vehicle value of 452,800 TL and above - 4,466 TL 2024 model - 71 kW-85 kWVehicle value of 316,400 TL and above - 2,527 TL MTV payments can be made through the internet site of the Revenue Administration via contracted banks. MTV payments can alternatively be made through the Internet Banking and Mobile Banking of contracted banks. Payments can also be made at PTT and the Tax Office. Past period debts can also be queried on the internet site of the Revenue Administration.
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