Categories: Economy

Registration in the excise tax on alcohol

Registration in the excise tax on alcohol

In July, the central government budget showed a surplus of TL 48.5 billion due to the increase in taxes, notably the increase in the excise tax (SCT) levied on alcohol and tobacco products.

According to data from the General Directorate of Accounts of the Ministry of Finance and Finance, the SCT collected from alcoholic beverages in July increased by 54 percent compared to the same month of the previous year and reached 7.3 billion TL, breaking a record.

The SCT collected from alcoholic beverages, which was 19.9 billion TL in the period January-July last year, increased to 32.4 billion TL with an increase of 63 percent over the same period this year.

In July, both the SCT alcohol increase and the VAT rate increased from 18 percent to 20 percent.

Tax expert Dr. According to Ozan Bingöl’s calculation, a 70 percent raki with 45 percent alcohol; tax free price While it was 149.37 TL, the shelf with a total tax of 349.63 TL, of which 266.47 TL is SCT, 83.16 TL is VAT. price It is at the level of 499 TL.

85.3 BILLION TL SCT IN TOBACCO IN SEVEN MONTHS

SCT, which was collected from tobacco products, which was 11.7 billion TL in July last year, increased by 45 percent to 17 billion TL in the same period this year.

The SCT collected from tobacco products, which was 53 billion TL in the period January-July last year, increased to 85.3 billion TL with an increase in the same period this year.

Thus, the SCT, collected only from alcohol and tobacco products, reached 117.7 billion TL in the first seven months.

In addition to the SCT increases in tobacco, the VAT rate was increased to 20 percent in July.

In the January-July period, 5.7 percent of the total tax revenue of TL 2 trillion 53 billion consisted of SCT collected from alcohol and tobacco.

Source: Sozcu

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