A huge hike in cigarette and alcoholic drink prices

The government has made a 47.40 percent increase in the Excise Tax (Excise Duty) on both alcoholic beverages and cigarettes. This increase will lead to an extraordinary increase in the price of cigarettes and alcohol. With the announcement of the TURKSTAT inflation figures, the rate of increase in the special consumption tax levied on cigarettes and alcohol groups was also calculated.

According to the annual producer inflation figures, the government has raised the special consumption tax (excise duty) levied on cigarettes and alcohol group by 47.4 percent.

According to the values in the SCT (special consumption tax) table, the amount of excise duty incurred on beer was increased from 2.3933 TL to 3.52 TL, and the excise duty on rakı was increased from 326.99 TL to 481.98 TL.

The amount of excise duty on wines with an alcohol rating of 18 percent and less was increased from 92.29 to 140.5 TL, and for wines with an alcohol rating of 22 percent and more, from 326.99 to 481.98 TL.

The amount of excise duty per liter of RAKI increased from 326.99 TL to 481.98 TL. Thus, the excise duty amount increased to 216.89 TL at the rate of 100% with an alcohol content of 45 percent.

INCREASE IN THE PRICE OF CIGARETTES

The minimum tax amount received from tobacco-containing cigarettes was increased from TL 0.4883 to TL 0.7197, and the tax amount was increased from TL 0.4851 to TL 0.7150. Cigarette prices are expected to increase by 4 TL and above after these rates.