MTV Calculation 2023: Which Vehicle Will Pay How Much MTV?

While a record increase will be made for MTV to take effect in 2023, the revaluation rate will apply at 61.5 percent. According to the decision published in the Official Gazette, while MTV’s payment for a car from 1 to 3 years of less than 1,300 cylinders was 1,313 lira in 2022, it will be calculated at 2,120 lira from the new year. Here is the answer to the questions of how much did MTV cost, which vehicle will pay how much…

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.

In accordance with 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.

2023 MOTOR VEHICLE TAX RATES

ARTICLE 4- (1)

A. Tax on Motor Vehicles Tariff No. (I)

Cars, trucks, SUVs and similar vehicles and motorcycles registered and registered after the date of 1/1/2018 (including this date) are taxed according to the numbered rate (I) below.

B. Tax on Motor Vehicles Tariff No. (II)

Motor vehicles other than automobiles, land vehicles, trucks and the like, and motorcycles noted in rates (I) and (I/A) are taxed according to the following rate (II).

C. Tax on Motor Vehicles Tariff No. (IV)

Planes and helicopters (excluding those belonging to Türkkuşu, Turkish Aeronautical Association) are subject to the following tariff (IV).

D. Motor Vehicle Fiscal Tariff Number (I/A)

Cars, trucks, land vehicles and similar vehicles registered and registered before 12/31/2017 (including this date) are taxed according to the numbered rate (I/A) regulated in transitory article 8 of Law No. 197.

Force

ARTICLE 5- (1) This Notice enters into force on 1/1/2023.

Executive

ARTICLE 6- (1) The provisions of this Communiqué are executed by the Minister of Treasury and Finance.