What awaits vehicle owners in 2024 zam's have become clear. According to the inflation data announced by the Turkish Statistical Institute, the revaluation rate was determined as 58.46 percent. This rate means an increase in traffic fines, motor vehicle tax (MTV), vehicle inspection fees and other taxes.
MTV ZamHow is it calculated?
MTV is determined according to criteria such as the vehicle's registration date, engine volume and tax-free value. Vehicle owners who pay MTV this year will pay more tax next year, equal to the revaluation rate. For example, if the owner of a car with a registration date of 2018 or later, an engine volume not exceeding 1.3 L and a tax-free value not exceeding 199.700 TL, has paid 2.330 TL MTV this year, he will have to pay 3.692 TL MTV next year.
The owner of a similar vehicle with an engine volume between 1.3 L and 1.6 L will increase its MTV, which is 4.064 TL this year, to 6.439 TL next year.
How Much Will Vehicle Inspection Fees Be?
Vehicle inspection fees will also increase according to the revaluation rate. While the inspection fee for motorcycles, mopeds, tractors with or without trailers was 2023 TL in 575,84, it will be 2024 TL in 912,47. For automobile, minibus, pickup truck, special purpose vehicle, off-road vehicle, trailer and semi-trailer inspection, 2023 TL will be paid in 1.130,44, while 2024 TL will be paid in 1.791,29. For larger buses, trucks, tankers and tractors, the inspection fee, which will be 2023 TL in 1.528,10, will increase to 2024 TL in 2.421,42.
How Much Will Traffic Fines and Other Taxes Increase?
Traffic fines and other taxes will also increase by the revaluation rate. For example, the fine for not wearing a seat belt, which was 2023 TL in 288, will be 2024 TL in 456. The penalty for crossing the red light, which was 2023 TL in 1.200, will be 2024 TL in 1.901. The fine for drunk driving, which was 2023 TL in 6.072, will be 2024 TL in 9.619.
In addition, other taxes and fees such as passport fee, driver's license fee, notary fee, title deed fee, traffic insurance and automobile insurance will also increase according to the revaluation rate. This will further strain the budgets of vehicle owners.