turkey alcohol tax

Loss of tourism contributed to the reduction of local alcohol consumption in 2016. Europe and Eurasia, Turkey On January 1, 2016, the Government of Turkey (GOT) announced increases to special consumption taxes, which include taxes on alcohol and tobacco. In addition to the June 2013 legislation, the GOT passed new labeling requirements for alcoholic products and increased the tax rates for alcohol and tobacco. Nowhere in the world are the taxes on alcoholic drinks higher than Turkey,” the KMO said. Turkey's stiff alcohol taxes have led to rapidly rising prices for beer and the popular anise-flavored brandy raki. The tax on the national favorite rakı, an anise-flavored spirit, has leapt by 443% in the past decade and the tax on beer by 365%. A 70 cc bottle of rakı costs around 170 TL ($22), taxed 234% over the original price. The surging taxes have reduced the volume of commercial alcoholic drinks sold in Turkey, with beer sales falling 10 percent between 2012 and 2016, and raki sales dropping by … In June 2013, the Government of Turkey (GOT) enacted sweeping legislation to amend its existing alcohol laws. A 70 cc bottle of rakı costs around 170 TL ($22), taxed 234% over the original price. Under President Tayyip Erdogan, a pious Muslim, tariffs on alcohol have increased steadily. The surging taxes have reduced the volume of commercial alcoholic drinks sold in Turkey, with beer sales falling 10 percent between 2012 and 2016, and raki sales dropping by nearly a quarter, according to data from Turkey's tobacco and alcohol watchdog (TAPDK). In June 2013, the GOT enacted sweeping legislation to amend its existing alcohol laws. A bottle of rakı which cost TL9.15 in 2002 cost TL51 ten years later in 2012. Customs Duties and Taxes on Imports Customs threshold (from which tariffs are required) The Turkish Presidential Decree No. Turkey … Similar high taxes were placed on wine and spirits. Turkey's Islamist-rooted ruling AKP has imposed high taxes on alcohol. The high cost of alcoholic drinks is a concern for Turkey’s tourism industry and the sector is asking the government to reduce the consumption tax on alcoholic products. Turkey's Islamist-rooted ruling Justice and Development Party (AKP) has imposed high taxes on alcohol. Heavy taxes were placed on alcoholic beverages: between 2002 and 2009, the tax on beer rose 737%; in the following year, another 45%. Turkey said on Tuesday it will not implement an automatic tax hike on alcohol and tobacco products in the first half of 2020, in a move expected to … The tax on the national favorite rakı, an anise-flavored spirit, has leapt by 443% in the past decade and the tax on beer by 365%. 1111, published and promulgated in the Official Gazette on 15 May 2019, completely abolishes the exemption threshold for imported products arriving in Turkey by post and fast shipping (with the exception of books or relevant publications). Placed on wine and spirits TL9.15 in 2002 cost TL51 ten years later in 2012 costs around TL! Taxes on alcohol the taxes on alcohol rakı which cost TL9.15 in 2002 cost TL51 ten years later in.. June 2013, the Government of Turkey ( GOT ) enacted sweeping legislation amend. Party ( AKP ) has imposed high taxes on alcoholic drinks higher than Turkey, ” the KMO said price! Wine and spirits beer and the popular anise-flavored brandy raki imposed high taxes alcohol. 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