They are given with a spoon and taken with a ladle.
A bitter recipe and a shower of new increases arose from the law proposal presented by the AKP deputies to Parliament to give an additional salary increase to civil servants and retirees. The Motor Vehicle Tax (MTV) will be collected from vehicle owners for the second time under the name of earthquake tax.
RAIN RAIN
A double increase mechanism was also introduced in the Special Consumption Tax (SCT) taken from fuels. If the mechanism is fully implemented, the prices of diesel and gasoline will rise to the level of 36-40 TL. A series of new increases arose, from the package of the walk to the shopping bag, the Corporate Tax, housing, the land of citizens confiscated because the bank could not pay its debt, and the new VAT charge. Pay raises given with a spoon will be recovered with a scoop.
With the article of the proposal, a new faculty was obtained to increase the recycling participation quotas within the framework of the Environmental Law. With the proposal, the power of the President to halve the contribution rates increased by the revaluation rate was doubled. If this power is used, there will be increases in market bags, cola soft drinks and similar packaged products and vehicle tires, which are 25 cents.
The corporate tax rate, which will be applied as 20 percent, will increase to 25 percent. The corporate tax rate for banks, finance, capital markets and insurance companies was increased from 25 to 30 percent. Tax increases will also become hikes and rains for citizens. In addition, the additional TL 33 billion lending authority granted to the president was increased to TL 99.135 million.
In addition to taxes, the state will be charged an additional 66 billion lira.
Double MTV will be received from vehicle owners
More than 26 million vehicle owners were subject to additional taxes from the increase package. According to the proposal, the double Motor Vehicle Tax (MTV) will be collected for a single time for earthquakes of new vehicles that are purchased until the end of the year with existing vehicles. Double tax will not be applied to owners of vehicles registered in 11 provinces where the earthquake occurred. The government planned to collect 38.787 million MTV lira from vehicle owners through MTV this year. Since this tax will be collected twice, it means that approximately 35-36 billion lira of additional money will be collected from vehicle owners when seismic provinces are excluded.
SCT giant hike in fuel
The Special Consumption Tax (SCT) on package fuel was doubled. The fuel SCT will now automatically increase at the Producer’s Rate of Inflation (PPI) every 6 months, just like cigarettes and alcohol. In addition, the president’s authority to increase this tax in half was increased ‘up to 5 times’. Currently, 2.5 liras of SCT are collected from gasoline and 2.06 liras from diesel. Since the 6-month PPI is 14.82 percent, these amounts will increase at these rates first. If the quintuple authorization is used, the SCT will increase to 16.93 for gasoline and 13.95 for diesel, including VAT. This means that the prices of gasoline and diesel can be increased up to 36-40 lira.