Double increase in alcoholic beverages
The citizens woke up to the new day with tax increases.
The 14.82 percent increase in the Special Consumption Tax (SCT) on alcoholic beverages and cigarettes has begun to be reflected in prices.
Speaking to Sozcu.com.tr, Turkish Monopoly Dealers Platform President Özgür Aybaş said that after the increase in SCT, all alcoholic beverages increased by 15 to 25 percent.
“From July 10, there will be an increase in the Value Added Tax (VAT) for alcoholic beverages,” Aybaş said.
100 RAKI RISES TO 690 TL
Cigarettes, which had risen 15 percent at the beginning of last month, increased by 5 lira from July 4. Noting that the increases in cigarettes will continue, Aybaş announced that there will also be a 25-30 percent increase in alcohol.
Saying that the new price increases affected drinks such as raki and high-alcohol whiskey, Aybaş stated that as of yesterday, the price of 70 raki of one brand increased to 500 TL, while the price of 100 raki of the same brand went up to 690 TL. .
TAX FOR 343 TL OF 70 TL RAQ, UP TO 500 TL
Tax specialist Ozan Bingöl, on the other hand, reported that the tax on 70 raki, which increased to 500 TL with the latest SCT increase, is 342.58 TL.
Stating that 266.47 TL out of 342.58 TL is SCT, 76.11 TL is VAT, Bingöl said, “We will pay 343 TL tax for a product worth 156 TL and get 499 TL.”
SCT INCREASES BY 49.1 TL IN LITER
Following the inflation data announced by the Turkish Statistical Institute (TUIK) on July 5, the 6-month PPI was 14.82 percent.
President Tayyip Erdogan has the authority to apply automatic increases, but he did not make use of this authority.
As soon as inflation was announced, the Tax Administration (GİB) increased the SCT rates by 14.82 percent and announced so.
According to the news from SÖZCÜ’s Erdoğan Süzer, with the new hikes, the SCT charge of one liter raki increased from 331.6 lira to 380.7 lira. The raki SCT increased by 49.1 lira per liter.
Since VAT is also applied to SCT, the total tax charge, including VAT, has increased to 58 lira. This made an increase of at least 58 lira per liter of raki inevitable.
With the new increases, the SCT on wine increased from 26.5 liras to 30.44 liras.
With the new increases, the fixed and minimum fixed amount of SCT in a pack of cigarettes increased from 20.33 lira to 23.33 lira. However, since 63 percent of the relative SCT is collected on the sale price of cigarettes, this tax is above the specific minimum tax. For this reason, there was no new increasing pressures from the increase in SCT, except for low-priced cigarettes.