TÜİK announced the Revaluation Rate: a 25.49% increase is coming!

New Revaluation Rate: %25.49

According to the inflation data announced by TÜİK, the Revaluation Rate for the year 2023 has been set at %25.49. This rate will have a significant impact on taxes and fees.

Areas of Application and Effects

This new rate is expected to be applied in many areas such as driver's licenses, passports, Motor Vehicle Tax (MTV), and income tax. This situation means an increase in various expenditure items for citizens.

Revaluation Calculation

The revaluation process is calculated based on 12-month averages of the Producer Price Index (PPI). This way, the reflection of economic changes on the tax system is ensured.