06.11.2025 13:33
In the Turkish Grand National Assembly's Planning and Budget Commission, the budget discussions for the Ministry of Treasury and Finance for the year 2026 have begun. Minister Şimşek stated that the increases in taxes and fees will be determined based on the targeted inflation rate rather than the revaluation rate of 25.49%. While the inflation rate for 2026 is expected to be 16%, the increase rate for taxes, fines, and fees could be lowered by 9.49%.
The budget discussions for the year 2026 have begun in the TBMM Planning and Budget Commission. The Minister of Treasury and Finance, Mehmet Şimşek, who presented to the commission, made a noteworthy statement regarding the rate of increase to be applied to taxes, fines, and fees.
REVALUATION RATE WILL BE DETERMINED ACCORDING TO TARGET INFLATION
Minister Şimşek stated that the increases in taxes and fees will be determined by taking into account the targeted inflation rate instead of the revaluation rate of 25.49%. He said, "It is on our agenda to update taxes and fees at a lower rate by considering inflation targets instead of the revaluation rate, in line with budgetary possibilities."
2026 TARGET INFLATION IS 16%
Vice President Cevdet Yılmaz announced that the target inflation for the year 2026 would be 16% within the framework of the Medium-Term Program (2026-2028) announced in recent months.
Yılmaz stated, "We aim for the inflation, which was realized at 44.4% in 2024, to decrease to 28.5% in 2025, 16% in 2026, 9% in 2027, and 8% in 2028, thus permanently falling to single-digit levels. We will not compromise on our determination to ensure price stability."
9.49 POINTS DISCOUNT ON INCREASES
Following these statements, the rate of increase to be applied to taxes, fines, and fees in 2026 has also become clear. While the revaluation rate is set at 25.49%, due to the target inflation being 16%, if the increases are made according to this rate, an approximately 9.49% lower increase will be applied.
In this context, the rates of increase for many items such as passport and driver's license fees, Motor Vehicle Tax (MTV), exit tax for abroad, IMEI registration fee, and traffic and environmental fines will be revised according to the target inflation.