Categories: Economy

Surprising rise for MTV

How much was MTV, which vehicle will pay how much? Calculation of MTV 2023…

For MTV, which is collected in 2 installments a year, there were staggering increases in the new year. The President approved a 61.5 percent increase in payments through the use of the power to discount the Motor Vehicle Tax (MTV).

HOW MUCH MTV?

The revaluation rate to apply in 2023 in the Motor Vehicle Tax (MTV) has been redetermined at 61.5 percent.

The President’s decision on the matter was published in the Official Gazette.

Consequently, the valuation rate determined for the year 2022 was redetermined at 61.5 percent to be applied to the amounts of MTV in the year 2023, based on the authorization granted by Law No. 197 of the Tax on Motor Vehicles.

The decision will enter into force on January 1, 2023.

According to the General Notification of the Tax Procedure Law of the Ministry of Finance and Finance, published in the Official Gazette (Revenue Administration) on November 27 of last year, the amounts of taxes, fees and penalties included in the laws for miscellaneous taxes and fees, including MTV, it was 36 percent. It was set at 20 percent.

With the decision published in the Official Gazette, this rate was reduced by 11.20 percent and MTV’s revaluation rate was reduced from 36.20 percent to 25 percent.

MTV CALCULATION: WHICH VEHICLE WILL PAY HOW MUCH

REGISTRATION AFTER 01.01.2018

engine 0-1300

The base is up to 70 thousand 600 liras

1-3 years: increased from 1,313 TL to 2,120 TL
4-6 years: increased from 916 lira to 1479 TL

The base is between 70,600 and 123,700 TL

1-3 years – 1443 lire – increased to 2330 TL
4-6 years – 1007 lire – increased to 1626 TL

The base is 123 700 TL and above

1-3 years – 1,576 lire – increased to 2,545 TL
4-6 years – 1098 lire – increased to 1773 TL

Engine 1301-1600 Base up to 70,600 lbs.

1-3 years – 2,287 lire – increased to 3,693 TL
4-6 years – 1715 TL – 2769 TL

1301-1600 cc Base 70,600 – 123,700 TL

1-3 years – TL 2,518 – TL 4,066
4-6 years – 1,888 TL – 3,049 TL

1301-1600 cc Base 123,700 TL and above

1-3 years – 2746 TL – increased to 4434 TL
4-6 years – 2059 TL – 3325 TL

1601-1800 cc Base not higher than 177,000

1-3 years – 4,445 TL – increased to 7,178 TL
4-6 years – 3,476 lire – increased to 5,613 TL

Those whose base exceeds 177,000

1-3 years – 4,851 TL – increased to 7,834 TL
4-6 years – 3790 TL – 6120 TL

Source: Sozcu

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