The MTV increase, announced at 40 percent, followed by 25 percent after the reaction; yesterday the bag passed through the Assembly with the law. In the Motor Vehicles Tax, the revaluation rate for the next year is 15 per cent below 1300 cc, 25 per cent above 1300 cc, while vehicle tax is added to existing taxation measures for vehicles to be registered as of 1 January 2018. With the last amendment, the MTV gain on vehicles covering about 80 per cent of the vehicles on the market in terms of engine volume and price range is 37.5 per cent.
NEW INCREASES TO INDIVIDUALS IN 2018
For vehicles to be newly regulated as of January 1, 2018, MTV will be applied to existing taxation criteria by adding "vehicle value" which constitutes the VAT base, excluding excise tax with maturity difference. According to this, for the vehicles to be newly registered next year, 1300 cc and below vehicle value will not exceed 40 thousand liras, 743 liras, 407 thousand liras will be 817 liras, 70 thousand liras will exceed 892 liras. For vehicles between 1301-1600 cc registered as of January 1, 2018, MTV will be worth 294 liras in vehicles not exceeding 40 thousand liras, 423 liras in 40 to 70 thousand liras, and 553 liras in excess of 70 thousand liras.
Some of the changes are as follows;
* The revaluation rate for MTV on vehicles will be 15 per cent for vehicles under 1300 cc and 25 per cent for vehicles above 1300 cc. For MTV 1300 cc and lower vehicles; the price is not exceeding 40, 743 pounds, the price between 40-70 thousand pounds in the 817 pounds, the price will be applied in excess of 70 pounds in 892 pounds.
* The Council of Ministers will be authorized to conduct advanced hourly hours not exceeding 1 hour.
* ÖİV, which is different from communication services such as speech, internet, broadcasting, will be 7.5% for each service.
* Additional minimum livelihood reduction will be provided so that the wages of the employees do not fall below 1,440 liras in the last four months of 2017.
* The Central Bank will be able to request all kinds of information and documents from real and legal entities that real and legal entities will set for monitoring transactions affecting foreign exchange position.
CORPORATE TAX INCREASED
* In order to make the tenders and tenders of the tendered mining areas under the head of the Privatization Administration to be more attractive, 10 years of land permission permission will not be granted.
* Some public housing will be sold out.
* It belongs to the Treasury and may be sold directly to the users of land used for agricultural purposes within the municipal boundaries of the municipality.
* Institutional tax, which is taken at 20% of the corporate earnings, will be applied as 22% in the taxation periods of the institutions in 2018, 2019 and 2020. The Council of Ministers will be authorized to reduce the rate of 22% to 20%.