Get ready for new taxes

“Total tax collection is said to be 4 trillion 271 billion TL in 2023, according to the Medium-Term Program (MTP),” Usta said, adding: “Tax collection is stated to increase to 7 trillion 408 thousand million TL by 2024. There is a tax increase of 3 trillion 137 billion TL from 2023 to 2024. Where will this tax increase come from? Some of this is inflation. The other part will be tax collection thanks to a 4 percent growth Unfair additional taxes, some of which have been imposed since May this year “Just as VAT increases, SCT increases,” he said.

60 PERCENT INCREASE IN RATES

In addition to these, Usta stated that there is a tax of approximately 500 billion TL and said: “There is a tax of approximately 500 billion TL that we cannot understand. Part of this is the tax updates on the revaluation rate at the beginning of the year. I estimate the revaluation rate will rise to 60 percent this year. When you go to a notary, many taxes, such as notary fees, passport fees, and court fees, will increase by around 60 percent in January. “The SCT on fuels will also be subject to a tax increase in January,” he said.

“People face unfair taxes”

Erhan Usta claimed that people will face unfair taxes and said: “However, the government’s inflation forecast for 2024 is 33 percent. It will give 15+10 percent to civil servants, but the tax will be increased by 60 percent. This is an injustice. There is still an unexplained amount, which will probably be additional taxes. “We are waiting for an explanation from the government on what these additional taxes will be,” he said.