Turkey Adjusts Taxes on Cigarettes, Some Tobacco Products

Turkey raises lump sum tax on cigarettes and certain tobacco products to 10.5 liras, up from 7.8 liras set in September, according to a presidential decree published in Official Gazette.

• Special consumption tax on cigarettes and some tobacco products reduced to 50% from 53.5%
• NOTE: The change in the tax composition won’t impact the government’s tax income, state-run Anadolu Agency reports, citing Treasury Ministry
• NOTE: Turkey Restructures Cigarette Taxes to Ease Inflation Impact

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Ugur Yilmaz in Istanbul at uyilmaz@bloomberg.net

To contact the editors responsible for this story:
Onur Ant at oant@bloomberg.net

Ugur Yilmaz ...