content tagged with VAT

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 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”.

Addressing the public following the cabinet meeting, President and AKP Chair Erdoğan has announced that the Value Added Tax on some products such as soap, toilet paper, napkin and baby diapers will be reduced from 18 to 8 percent.

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.

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.

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.