There will also be increases in 2024

There will also be increases in 2024

There will also be increases in 2024

Each At the beginning of the year, the pace of automatic increases in taxes, fees and penalties collected by the State from citizens was announced. The Turkish Statistical Institute calculated the Revaluation Rate (TRR) that will be applied next year at 58.46 percent. If President Recep Tayyip Erdoğan does not use his authority to reduce the YDO by 50 percent or increase it up to 50 percent, fixed taxes, fees and penalties will increase by 58.46 percent.


In the 2024 draft budget presented to Turkey’s Grand National Assembly, revenue from many taxes and fees was predicted to increase by more than 70 percent next year. Revenue estimates indicate the authority could be used to raise some fees and taxes. With the new rate increase that will come into effect from January 1, 2024, the amount of traffic fines that will be applied to those who run red lights and exceed the speed limit between 10 and 30 percent percent will increase from 951 liras to 1,507 liras. . Those who are fined for driving while intoxicated for the first time will pay 6,441 lire. The motor vehicle tax, which has been collected twice this year, will increase by at least 58.46 percent next year.


A second increase in passport fees and international telephone registration fees was made in July. With the new increases, the fee for 1-year passports will increase to 2,397 lira, and the fee for passports valid for 3 years or more will increase to 7,836 lira, starting at the beginning of the year. Those who bring a phone from abroad will have to pay 31,700 TL at the beginning of the year to register.

Here are the taxes, fees and penalties that will increase in 2024

Percentage With the YDO of 58.46, Real Estate Tax (50 percent of the YDO), Environmental Cleaning Tax, Motor Vehicle Tax, Inheritance and Transfer Tax, exemptions, tariff bases, Stamp Tax, Special Communications Tax, fines of traffic, driver’s license, passport, Judicial Power, notary and other fees, vehicle inspection fees, penalties in the Tax Procedures and Misdemeanors laws, and the amounts in the Income Tax brackets and rates will increase at the specified rate in early 2024.

Source: Sozcu


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