How much will the passport fee increase to? How much will passport fees be in 2024?
Following the 123 percent and 50 percent increase in passport fees in 2023, a big increase is waiting at the door in 2024. While passport fees will regulate with the new year, there may be an increase in rates that exceed 60 percent.
HOW MUCH WILL THE PASSPORT FEE BE?
The revaluation rate, decisive for the increase in taxes, fees and penalties at the beginning of 2024, was 58.46 percent.
Even if YDO remains the same at the end of the year;
| January 1, 2023 | July 8, 2023 | January 1, 2024 | Increase rate compared to January 2023 | |
|---|---|---|---|---|
| Passport fee for those up to 6 months | 689.70 | 1,034.55 | 1,639.35 | 137.69% |
| Passport fee for 1 year | 1,008.30 | 1,512.45 | 2,396.63 | 137.69% |
| Passport fee for 2 years | 1,646.10 | 2,469.15 | 3,912.62 | 137.69% |
| Passport fee for 3 years | 2,338.50 | 3,057.75 | 4,845.31 | 107.20% |
| Those whose passport fee is valid for 4 to 10 years. | 3,295.50 | 4,943.25 | 7,833.07 | 137.69% |
| Traffic fine for running a red light | 951.00 | unchanged | 1,506.95 | 58.46% |
| Traffic ticket: incorrect parking | 436.00 | unchanged | 690.89 | 58.46% |
| Traffic fine for exceeding the speed limit between 10% and 30% | 951.00 | unchanged | 1,506.95 | 58.46% |
| Traffic fine for exceeding the speed limit by more than 50% | 4,064.00 | unchanged | 6,439.81 | 58.46% |
| Inspection fee: car, minibus, van, special purpose vehicle, off-road vehicle, trailer and semi-trailer | 1,149.60 | unchanged | 1,821.66 | 58.46% |
| Inspection fee: bus, truck, crane and tanker | 1,554.00 | unchanged | 2,462.47 | 58.46% |
| Accompanied Passenger Phone IMEI Registration Fee | 6,091.30 | 20,000.00 | 31,692.00 | 420.28% |
| Appeal fee to the State Council | 783.80 | 1,175.70 | 1,863.01 | 137.69% |
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.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
