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MTV hike can be withdrawn to 25% & #39;

In the tax of the motor vehicles, President Erdogan ’, and the Council of Ministers of the Board of Directors ’ Previously described as 40 percent, the zammin can be withdrawn to 25% '

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MTV hike can be withdrawn to 25% & #39;
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After call of President Tayyip Erdogan, Ministry of Finance began to work to take down 40 per cent hike in motor vehicles tax.

According to Sabah newspaper, hike interval, previously described as 40-68 per cent, is drawn to 20-40 per cent band.

One of most pondering scenarios for expected arrangement next week is to be 25 percent of hike rate.

During tax preparations, Treasury started to passenger cars under 40 thousand lira and brought up to 7 different price ranges over 475 thousand lira.

7 Price Range

The new regulation is expected to continue different taxation application for 7 price ranges.

As price range of vehicle rises, MTV amount to be paid will also rise to upper limit.

On or hand, change in income tax in bill sent to Parliament will be effective from 1 January 2018 to income of fee and from earnings of 2017 years for or earnings.

It will not change if 30 percent of income tax tariff is applied for revenues in third slice.

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