Minimum Fixed Tax Rates on Certain Alcoholic Products Increased

The minimum fixed tax amounts for certain alcoholic products have been increased. The presidential decision on the matter has been published in the Official Gazette. Accordingly, the minimum fixed tax amount previously applied to some alcoholic products, which was 1,269.7257 TL, has been raised to 1,428.44 TL. Additionally, the tax rate on hookah tobacco, which was 63%, has been reduced to zero, while the minimum fixed tax amount has been reduced from 1.9401 TL to 0.5632 TL.