content tagged with value added tax

Turkey raises VAT rates following significant salary increases

Turkey raises VAT rates following significant salary increases

This tax increase follows substantial raises in the minimum wage and the salary adjustments for public servants. A union confederation has protested the government's moves in Ankara, asserting that it "gave with one hand and took with the other."

HDP demands abolishing taxes on basic needs such as medication

HDP demands abolishing taxes on basic needs such as medication

HDP Spokesperson Günay: “The period which saw the highest inflation was March 2002 with 65 percent. With the recent figures, the annual inflation has hit a 20-year high”.

VAT on basic food products reduced to 1 percent by a Presidential decision

VAT on basic food products reduced to 1 percent by a Presidential decision

Amid increasing prices and people’s decreasing purchasing power, the Value Added Tax on basic food products has been reduced from 8 to 1 percent. Economists warn that this reduction may not affect the price tags with other costs cited as the reason.

14 February 2022

Treasury asks for value added tax on free water in İstanbul

Treasury asks for value added tax on free water in İstanbul

Since 2019, the opposition-led İstanbul Municipality has been offering 0.5 cubic meters of water free of charge per 2.5 cubic meters of water consumed in households. The Ministry of Treasury has dismissed the claims that a ‘tax’ is to be levied on this amount.

14 January 2022

Petition: Reduce Value Added Tax on Women's Hygiene Products

Petition: Reduce Value Added Tax on Women's Hygiene Products

In Turkey, Value Added Tax on Viagra is 8 percent while it is 18 percent for hygiene products, because they are not considered a necessity.

14 January 2019

CHP MP Antmen: No Tax for Jewelry, Tax Increase for Books

CHP MP Antmen: No Tax for Jewelry, Tax Increase for Books

Main opposition CHP MP Alpay Antmen has submitted a parliamentary question to the Treasury and Finance Minister Berat Albayrak regarding the recent increases in taxes imposed on electronic publications.

21 December 2018

Increase in Value Added Tax on Electronic Newspapers, Magazines, Books

Increase in Value Added Tax on Electronic Newspapers, Magazines, Books

As per the Presidential Decree published on the Official Gazette, the rate of value added tax on electronic newspapers, magazines and books has been raised to 18 percent.

19 December 2018