A big increase in passports is coming

How much will the passport fee be? Big increase in passport fee for 2024…

Before the new year, high rates of increases began to arrive. The Revaluation Rate, which is used to determine the rate of increase that will be applied to taxes, fees and penalties in 2024, was determined at 58 percent this year. The President has the authority to reduce or increase the rate.

HOW MUCH WILL THE PASSPORT FEE BE?

Duration Previous rate New rate Difference
Passport fee up to 6 months. 1,034.55 Turkish liras 1,639.34 Turkish liras 604 lire
Passport fee for 1 year. 1,512.45 Turkish liras 2,396.62 Turkish liras 884 lire
Passport fee for 2 years. 2,469.15 Turkish liras 3,912.61 Turkish lira 1,443 lire
Passport fee for 3 years. 3,507.75 Turkish liras 5,558.38 Turkish liras 2,051 lire
Passport fee for 4-10 years. 4,943.25 TL 7,833.07 Turkish lira 2,890 Turkish lira

The President has the 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.

THERE WAS A 123 PERCENT INCREASE AT THE BEGINNING OF THE NEW YEAR

While passport fees were regulated in early 2023, there was an increase of around 123 percent.

Passport fees have increased 123 percent since 2023, breaking an unprecedented record, as the president did not use his authority to reduce the fee. This time a 50 percent increase was made, effective in the second half of the year.

The increase rate valid for 2022 was announced at 36.2 percent.

Source: Sozcu

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