How much will passport fees be in 2024?

Following the two passport increases during the year, another increase will follow in 2024. While passport fees will be regulated with the new year, there may be an increase in fees exceeding 60 percent.

HOW MUCH WILL THE PASSPORT FEE BE?

While the producer price index (PPI) rose 66.55 percent in September compared to twelve-month averages, taxes, fees and penalties indexed to the PPI may also increase significantly in the new year.

Tax expert Dr. According to Ozan Bingöl’s calculation, even if producer inflation is “zero” in October, the revaluation rate (TRR) of 2023, which will form the basis for tax and fine increases in 2024, will be 58.16 percent.

Recalling that last year the YDO reached its historical peak of 122.93 percent, Bingöl said: “This year, we will encounter an addition of more than 50 percent in addition to the increase in taxes and penalties with the YDO of 122, 93 percent of last year. “Therefore, there will be a double increase,” he said.

Even if the YDO is 60 percent at the end of the year;

Passport fee up to 6 months.

Although it was 1,034.55, it will become 1,655.28. The difference will be 620 liras.

Passport fee for 1 year.

Although it was 1,512.45, it will become 2,419.92. The difference will be 907 liras.

Passport fee for 2 years.

Although it was 2,469.15, it will become 3,950.64. The difference will be 1,481 lire.

Passport fee for 3 years.

Although it was 3,507.75, it will become 5,612.04. The difference will be 2,104.

Passport fee for 4-10 years.

While it was 4,943.25, it will become 7,909.02. The difference will be 2,965.

The President did not exercise his authority to reduce taxes or penalties by half the revaluation rate or increase them by up to 50 percent.

WHAT IS THE REVALUATION RATE?

The Revaluation Rate is calculated in accordance with article 298 of the Tax Procedure Law.

Revaluation Rate refers to the average rate of price increase in the General Producer Price Index (IPP) for October of the year to be revalued compared to the same period of the previous year.

The revaluation rate becomes clear when TÜİK announces inflation rates for October at the beginning of November each year. The Ministry of Treasury and Finance makes this rate known to the public through a Announcement in the Official Gazette.