Turkey has raised tax rates and increased state fees, reported Reuters. On July 7, changes in taxation and state fees were published in the Official Gazette of Turkey.
The value-added tax (VAT) rate for essential goods has increased from 8% to 10%, while for all other categories of goods and services, it has risen from 18% to 20%.
Fees for the provision of state services, such as passport issuance, work permits, cadastral registrations, and other services, have increased by 50%.
The registration fee for imported mobile phones has more than tripled from 6,000 Turkish liras ($230) to 20,000 Turkish liras ($768).
Furthermore, the tax rate on gambling activities has been raised from 10% to 20%, and the tax on banking and insurance transactions related to consumer loans has increased from 10% to 15%.
In addition, a bill was introduced in the Turkish parliament this week, proposing an increase in the corporate tax rate from 20% to 25%. This measure is deemed necessary to finance the expenses related to the aftermath of the February earthquake.
Earlier, Daryo reported that Turkey will abolish duties on certain goods from Uzbekistan starting from July 1.
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