Turkey: “Beer Sector” a big source of revenue for Turkish budget

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The beer sector contributed 1.6 billion euros to Turkey’s public revenues in 2010, representing a 23 percent increase from 2009’s 1.3 billion euros in revenues, according to a report released Wednesday.

The figure is calculated as the sum of revenues after corporate tax, value added tax, special consumption tax, social security contributions and taxes on wages paid by the sector, according to the report on the “Contribution of the Beer Sector to the Turkish Economy,” which was conducted by the Beer and Malt Producers’ Association, or BMÜD, and prepared by Ernst & Young.

The public revenues collected from the beer sector in Turkey are much higher compared to those in other European countries, according to the report.

October 5, 2011
SOURCE: Hürriyet Daily News