Vehicle owners are obliged to pay the Motor Vehicle Tax (MTV) each year. The tax can be paid in two installments yearly upon request. In additional to the land vehicles, airplanes, helicopters, choppers and motor vessels are liable to the MTV tax.
According to the circular numbered 27998389-010-06-02-5278 released by the General Directorate of Budget and Fiscal Control on 04.07.2018 with the subject ‘Financial and Social Rights’, the coefficients used to calculate the wage of a civil servant have been revised effective 01.07.2018.
In accordance with the provisional article, Article 75 of the Social Security and General Health Insurance Law the amount of Minimum Wage discount has been decided by the Council of Ministers on 09.04.2018. The details of the new amendments announced with the 2018/11668 numbered circulars, dated 09.04.2018 are listed below;
New amendments have been implemented to the Law numbered 7130 (Law on Amendments to Certain Laws and Taxation Laws) and to the 3rd, 9th, 25th, 32nd and 61st Articles of the Income Tax Law numbered 193. The details on the new amendments and the relevant applications of the regulations are detailed below.