Motor Vehicle Tax rates announced: New tax rates finalized

The General Communiqué on Motor Vehicle Tax (MTV) prepared by the Ministry of Treasury and Finance has been published in the 5th duplicate issue of the Official Gazette. With the communiqué, MTV amounts have been increased by 18.95 percent, and the new tax rates have been finalized.

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According to the published regulation, the MTV amount for automobiles will be determined by taking into account the vehicle's engine displacement, age, and vehicle value. Accordingly, the annual motor vehicle tax for automobiles starts at 593 TL and goes up to 274,415 TL depending on the category.will be issued.

For vehicles registered for traffic after January 1, 2018,with an engine displacement of 1300 cubic centimetersor less,the annual tax for automobiles, off-road vehicles, and similarvehicleswill range between 593 TL and 6,902 TL, depending on theirage and value.will change accordingly. For vehicles with an engine displacement between 1301 and 1600 cubiccentimeters,the annualMTV amountwill start from 1,181 TL and rise up to 12,028 TL.For vehicles with higher engine displacements,tax amounts have been set between 2,113 TL and 274,415 TL.

For motorcycles, the engine cylinder volume is between 100 and 250 cubicFor those in therange, theannualMTV will range between 136 TL and 1,069 TL. For higherdisplacement motorcycles, this amountcan go up to 13,876 TL.

Forminibuses, the annualAnnual MTV based on their ageis set between 2,214 TL and 6,875 TL,while for panel vans and motor caravansthis amount ranges from 3,398 TL up to 13,876 TL.For busesand similar vehicles, theannual tax varies between 4,540 TL and 27,811 TL, while for trucks, pickups, and towing vehicles, the MTV amountwill range between 2,004 TL and 31,315 TL.

Annual motor vehicle tax determined for aircraft and helicopterswill vary between 55,770 TL and 465,454 TL depending on age and maximum takeoff weight,respectively.