Turkey - Alcohol Tax Increases Ring in the New Year in Turkey 2016

Country:
Turkey

Report Highlights: On January 1, 2016, the Government of Turkey (GOT) announced increases to special consumption taxes, which include taxes on alcohol and tobacco. In June 2013, the GOT enacted sweeping legislation to amend its existing alcohol laws. In addition to the June 2013 legislation, the GOT passed new labelling requirements and has regularly increased taxes. Continued hikes in prices and taxes have led to fresh concerns over the production and smuggling of bootleg alcohol and tobacco products.

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