The Motor Vehicle Tax is increased, here are the amounts of MTV to pay in 2023
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.
ERDOĞAN SALES TIME
Had President Recep Tayyip Erdoğan not used his authority to reduce the Motor Vehicle Tax (MTV), there would have been a 123 percent increase. Erdogan has halved his MTV endorsement.
HOW MUCH WILL MTV 2023 BE?
* In 2022, the tax on a car with less than 1,300 cylinders between 1 and 3 years old was 1,313 lira. From the new year it will be 2 thousand 120 liras.
* The tax on cars between the ages of 1 to 3 years with a cylinder volume of 1301 – 1600 will increase from 2 thousand 517 lira to 4 thousand 64 lira.
* While the tax on a car between 1 and 3 years old with a displacement of 1601 – 1800 is 4,445 liras, it will be 7,178 liras from the new year.
* The tax for vehicles from 1 to 3 years old with engine displacement from 1801 to 2000 will be 11 thousand 309 liras in 2023 from 7 thousand 3 liras.