MTV Payment Deadline: Is There A Penalty For Not Paying MTV, How Much Is The Late Fee?
The amount of the MTV payment, which varies according to the characteristics of the vehicle, can be deposited through banks or the Tax Administration. Anyone with a car has to pay for MTV twice a year.
WHEN IS THE DEADLINE FOR MTV PAYMENT?
The deadline for the January MTV payment will be January 31, 2023. Payments will be made through the administration and banks.
IF MTV IS NOT PAID, THERE IS A FINE, HOW MUCH IS THE LATE INTEREST?
You may encounter a 1.6% late fee for each month late. However, if MTV payments are not made or delayed for a certain period of time, a lien may be placed on you and your vehicle may be wired.
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 entered 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.
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.