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The Additional Motor Vehicles Tax, which is stated to be applied to compensate for the economic losses caused by the earthquakes that occurred in February, entered into force with the communiqué published in the Official Gazette on 28 July. With the release of the edit, details regarding the additional MTV have also become clear.

TURKEY - Details regarding the additional Motor Vehicles Tax announced on 15 July were determined by the General Communiqué published in the Official Gazette dated 28 July. To compensate for the economic losses caused by the earthquakes that took place on February 6, with the regulation on the Additional Motor Vehicles Tax, the payment dates of the additional tax were clarified, and the problems that could be experienced if the additional tax was not paid were also announced. Gamze Tuna Yılmaz, the Expert Financial Content Editor of Accountkurdu.com, evaluated the details of the arrangement.

Those who purchase vehicles until December 31, 2023 will also pay additional MTV

In the second article of the General Communiqué, it was noted that the vehicles to be registered for the first time in the relevant registries from the date of publication of the law until December 31, 2923, are subject to an additional MTV, for once, equal to the accrued motor vehicle tax for 2023.

Gamze Tuna Yılmaz stated that the tax amount varies according to the vehicle age, cylinder volume and the first registration date and that the MTV calculation processes have become complicated for many people with the additional MTV application. Under normal conditions, the MTV amount of a vehicle whose date is before 2018 is calculated as 2.120 TL per year. When the additional payment is also considered, the total MTV amount to be paid by the people who own this vehicle in 2023 will be 4.240 TL. As Accountkurdu.com, we share tables on MTV amounts for both electric and gasoline vehicles on our website to facilitate the MTV amount calculation processes. In addition, users who enter the vehicle type, age, cylinder volume and registration date with the MTV calculation tool can easily calculate the MTV amounts they will pay.

Payment will be made in August and November.

Gamze Tuna Yılmaz said that the Motor Vehicles Tax payments are made in two equal instalments annually under normal conditions, in January and July. "Those who buy a vehicle will pay the first instalments of MTV in August and the second instalments in November. Those who buy a vehicle in September will make a lump sum payment. On the other hand, it should be reminded that those who buy a vehicle in July must also pay the second instalment of MTV, which is paid under normal conditions," he said.

It can be paid online from contracted banks and cashiers.

Noting that the Revenue Administration collects the Additional Motor Vehicle Tax payments, Accountkurdu.com Expert Financial Content Editor Gamze Tuna Yılmaz concluded her evaluations with the following words: Additional MTV payments can be made through applications and ATMs. Without making an additional MTV payment, transactions such as withdrawing from traffic, scrapping, or closing registration due to removal from abroad will not be possible. Finally, it is worth noting that various banks offer instalment options for MTV payments made by credit card.”