The revaluation rate was determined in Motor Vehicles Tax. In the decision published with the signature of President Erdogan, the MTV rate will be applied as 61.5% for 2023. The revaluation rate for motor vehicle tax in 2023 was reduced from 122.9% to 61.5%.
The Presidential Decision on the subject was published in the Official Gazette. The revaluation rate to be applied in taxes, fees and penalties for 2023 was determined as 122.9%.
President Erdogan used his authority to reduce the motor vehicle tax by 50% at the revaluation rate.
In this context, the revaluation rate to be applied in MTV as of the new year has been reduced to 61.5%.
Source: Trthaber / Translated by Irem Yildiz