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Ministry of Treasury and Finance announces “Revaluation Rate” for 2024: New Tax, Fee, and Fine Increases in new-year

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The revaluation rate for 2024 has been announced as 43.93%. This rate will apply to a range of taxes, fees, and fines in the coming year. According to a recent communiqué published in the Official Gazette by the Ministry of Treasury and Finance, various charges such as income tax, vehicle tax (MTV), vehicle inspection fees, real estate taxes, and traffic fines will be increased in 2024.

Income Tax Brackets for 2025:

Motor Vehicle Tax (MTV): The MTV for vehicles will rise according to the revaluation rate. For cars with engine sizes up to 1300 cc, the minimum MTV will increase from 3,359 TL to 4,835 TL. For vehicles with engine sizes between 1301-1600 cc, the minimum tax will increase from 5,851 TL to 8,421 TL. Vehicle inspection fees will also rise from 1,821 TL to 2,621 TL.

Traffic Fines: Traffic fines will also increase. Key fines for 2025 include:

Other Fees:

These increases are based on the revaluation rate, reflecting the overall rise in inflation and cost of living in Turkey.

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