Taxation in Turkey

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An additional 15.5 percent special consumption tax has been added for alcoholic beverages early in July, automatically in line with Turkey’s producer price index in the first half of the year.

Turkey may roll back a temporary increase in corporate tax earlier than planned, Finance Minister Naci Agbal said on Monday, the latest backtracking government retreat from deeply unpopular tax hikes to fund military spending.

Turkey is the jurisdiction with the world’s most complex tax and accounting requirements, according to a new report by TMF Group.

Indirect taxes on tobacco, alcoholic beverages and automobiles are too high, Turkey’s Finance Minister has said, vowing no further hikes will be made in indirect taxes this year, in a bid to help ease the country’s inflation rate.

Turkey will increase its special consumption tax on automobiles, the finance minister said on Friday, a move that will be applied to all but the cheapest cars in what he said was a response to demands from the industry.

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