LAST MINUTE NEWS: The motor vehicle tax increase percentage has been set – Last Minute Economy News

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Important news! President Recep Tayyip Erdoğan used his authority to lower the motor vehicle tax (MTV).

The decision has been published in the Staatsblad.

The motor vehicle tax would increase by 122.9 percent in 2023, the revaluation percentage. The president had the authority to reduce this rate to 50 percent.

Using his authority, Erdogan lowered the revaluation rate to 61.5 percent for MTV.

For example, the increase in motor vehicle tax, which is expected to gökyeşitözü introduced in 2023, has been halved.