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Turkey's Revaluation Rate and Economic Impact

Analysis of Turkey's revaluation rate, its impact on taxes and fees, and expert opinions.

Turkish

United Kingdom

EconomyUkInflationGovernmentPolicyTaxes

Tüi̇k (Turkish Statistical Institute)Hazine Ve Maliye Bakanlığı (Ministry Of Treasury And Finance)Tepav (Turkey Economic Policy Research Foundation)Bbc Türkçe

Burcu AydınMurat BatıRecep Tayyip Erdoğan

How is the revaluation rate calculated in Turkey?: The revaluation rate is calculated based on the 12-month increase in the Domestic Producer Price Index (Yurt İçi Üretici Fiyat Endeksi), as determined by TurkStat (TÜİK). For 2025, this was calculated as approximately 44%.
How much will taxes and fees increase due to the revaluation rate?: Taxes, fees, and penalties will increase by approximately 44% starting January 1, 2025. This is based on the revaluation rate announced by the Ministry of Treasury and Finance.
Are there any disadvantages for consumers despite the revaluation rate?: Professor Murat Batı highlights that while the revaluation rate increases the government's tax revenue, some tax calculations benefitting consumers don't use this rate, placing them at a disadvantage. He uses Special Consumption Tax (ÖTV) on vehicles as an example.
What are the views of experts on the implications of the revaluation rate?: Experts, such as Burcu Aydın of TEPAV, believe the government is using the revaluation rate to protect itself from losses due to high inflation, while acknowledging that the direct impact on prices might be limited.
Does the Turkish President have the authority to change the revaluation rate?: The President does not have the authority to change the revaluation rate itself, but may adjust the application rates in specific instances according to relevant legislation, as stated by Professor Batı.

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