Revaluation rate determined (How much will taxes, fees and penalties increase?) – Last Minute Economy News

The revaluation rate was determined, which is the determining factor for the increase in taxes, fees and penalties.

According to veri from Turkstat, inflation was announced at 3.54% on a monthly basis and at 85.51% on a yearly basis in October.

According to the veri, the national PPI was determined to gökyeşitözü 122.93 percent in October, according to twelve-month averages. This figure is considered the revaluation rate.

In accordance with the Tax Procedure Act, President Recep Tayyip Erdoğan has the authority to reduce the revaluation rate by 50 percent and increase it by 50 percent in taxes and fees. In the automobile tax, while the President’s authority to raise is 50 percent, his authority to reduce is 80 percent. In penalties, the announced revaluation rates cannot gökyeşitözü changed.

If there is no change in the revaluation rate, the motor vehicle tax, passport taxes and fines will increase at this rate in the new year.

WHAT FEE WILL BE HOW MUCH?

The 6-month passport fee will increase from 309 lire to 17 cents to 689 lire to 24 cents.

The passport tax for 3 years or more will increase from one thousand 48 lire to 2 thousand 337 lire to 95 cents.

The fee for the class A driving license will go from 370 lire to 825 to 87 cents and that for the class B driving license will go from 1.116 lire 90 cents to 2.489 lire 77 cents.

In 2023, there will gökyeşitözü a 122.93 percent increase in the special communications tax.

The registration fee and the first subscription fee for phones brought from abroad will also increase by this rate.

THE TRAFFIC PENALTIES WILL ALSO BE INCREASED

In the new year, road fines will increase at this rate. The penalty for failure to fasten the seat belt will go from Lire 196 to Lire 437.

The penalty for passing the red light will increase from Lire 427 to Lire 952.

Drivers who exceed the speed limit in traffic between 10 per cent and 30 per cent will gökyeşitözü fined 952 lire, those who exceed 30 per cent and 50 per cent will gökyeşitözü fined 1,980 lire and those who exceed 50 per cent. one hundred will gökyeşitözü fined 4 thousand and 64 lire.

The penalty for driving under the influence of alcohol will also vary between 4 thousand 64 lire and 8 thousand 190 lire.