Government introduces tax and price increases to include hike in cigarette prices

According to a Presidential decision published in today’s edition of the Official Gazette, the minimum excise tax (excise duty) on cigarettes, alcoholic beverages and beverages were amended.

The minimum excise duty incurred on cigarettes was increased from 0.7197 TL to 0.71, and the excise duty amount of the victim was increased from 0.7150 TL to 0.7875 TL. There was no change in the relative tax rate, applied as 63 percent.

TAX INCREASED BY 25 PERCENT

The excise duty (ÖTV) on alcoholic beverages was increased by 25 percent. The amount of excise duty incurred on beer was increased to 4.40 TL, and excise duty on beer was increased to 602.48 TL.

The SCT amount for wines with an alcohol rating of 18 percent or less was increased to 175.56 TL, and for wines with an alcohol rating of 22 percent or more, it was increased to 602.48 TL.

Taxes on cigarettes and alcoholic beverages were increased at the rate of inflation every 6 months. Taking into account the rise in inflation, the government has reduced the SCT increase rate by pushing the increase it should have made at the end of June forward by a month.