Starting from January 1st, it will increase: it will be 2,360 TL + VAT.

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With the new year, many items will see price increases, and many new applications will be implemented for the first time.

As of January 1st, the National Vehicle Identification System (UTTS) will be put into operation. The system, for which the installation and operation duties have been assigned to the General Directorate of the Mint and Stamp Printing House, will be mandatory for all taxpayers.

In order for companies to be able to show fuel expenses as deductions, they need to install "Vehicle Identification Units" (TTB) on their vehicles before the end of this year.

IT WILL BE 2,360 TL + VAT

The TTB price announced by the Revenue Administration (GİB) is currently applied at 1,810 TL + VAT. Therefore, companies are obliged to install TTB on their vehicles at this price before the new year.

However, according to the information available on GİB's official website, there will also be an increase in TTB prices in line with the Domestic Producer Price Index (Yİ-ÜFE) rate with the new year.

The annual Yİ-ÜFE announced in October was calculated at 32.24%. Thus, the price for installing TTB will be updated to 2,360 TL + VAT for vehicles that will be registered next year.