A 2.5 percent late payment fee will apply for additional MTV installments.

After the Constitutional Court (AYM) rejected the request for cancellation of the additional Motor Vehicle Tax (MTV), all eyes focused on when the installments must be paid.

The payment period for the first installment of Additional MTV was extended until September 6. Since the Constitutional Court does not cancel it, the second installment will be paid at the end of November.

Ondokuz Mayıs University Faculty of Law, Department of Financial Law, Prof. Dr. According to Murat Batı, additional MTV will be collected with a monthly delay increase of 2.5 percent.

Teacher. Dr. Batı stated that after the decision of the Constitutional Court is published in the Official Gazette, a payment order will first be notified to those who do not pay the minimum MTV; He said that if the dues are not paid again, the salaries will be garnished.

87 PERCENT OF THE EXPECTED COLLECTION WAS MADE

An agreement was reached so that the additional MTV, which was created only once this year, will be paid in two equal installments in August and November 2023.

In the statement made this week it was indicated that as of September 22, 2023, an additional MTV of 13,157,597,071 liras was paid for 9,919,966 vehicles in the first installment.

In this way, 87 percent of the expected collection in the first quota period was realized.

The goal is to obtain a total income of 30 billion lira in 2 installments of the additional MTV, the second installment will be paid in November.

Thus, with the collection of approximately 13.2 billion lira obtained in the first tranche for around 10 million vehicles, 43.8 percent of the target was paid.