08July2019

OTV Amounts of Alcohol Beverages and Tobacco Products Are Updated

OTV Amounts of Alcohol Beverages and Tobacco Products Are Updated

As per the article 12/3 of the Special Consumption Tax (ÖTV) Law numbered 4760, published in the Official Gazette on 03.07.2019 and became effective on 05.07.2019; ÖTV amounts of the goods which are in ÖTV (III) list have been updated.

According to the related Law, minimum fixed tax amounts indicated for the products in ÖTV (III) list; or latest minimum fixed tax amounts and fixed tax amounts determined by the Presidency for the related products have been re-adjusted, and became effective as of the announcement date, as per the change occurred in the last 6 months in producer price index as it is announced in January and July by the Turkish Statistical Institute.

Accordingly, minimum fixed tax amounts indicated for the products in ÖTV (III) list; or latest minimum fixed tax amounts and fixed tax amounts are changed as of 03.07.2019 as per the increase in producer price index determined by TUİK. Fixed and minimum fixed tax amounts of soft drinks and alcohol beverages in Table (A), and tobacco products in Table (B) of ÖTV (III) have been increased with the ratio of %8,09 which is the increase rate of domestic producer price index.

You can access Table (A) and Table (B) of ÖTV Law addendum list (III) in Turkish from here.

Written by Selma Kıy, Posted in Taxation Law

  • Notification !

    Contents provided on this article serve to informative purpose only. The article is confidential and property of CottGroup® and all of its affiliated legal entities. Quoting any of the contents of this notification without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance is put in the preparation of this article, CottGroup® and member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject. Prior to taking any action in regards the above, please consult your client representative if you are a customer of CottGroup® or consult to a relevant party.

About the Author

Selma Kıy

CPA, Managing Partner
This website is using cookies.
In this website, we use cookies to develop your user experience, obtain efficient work and track statistical data. You are agreeing to our use of cookies by browsing our website. Please review Çerezler (Cookies) page for detailed information of how we manage the cookies. This choice is valid for 30 days until you delete the cookies in your web browser.
x