April 1 warning from Prof. Dr. Babuşcu: He listed the sectors and products that may face price hikes
Former Ziraat Bank Deputy General Manager Prof. Dr. Şenol Babuşcu stated that some products and services currently subject to 10% VAT could be subject to 20% VAT after the elections, and listed the product groups that may face price increases.
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Former Ziraat Bank Deputy General Manager Prof. Dr. Şenol Babuşcu issued warnings for April 1.
Babuşcu stated that for some products and services currently subject to 10% VAT, this rate could be applied as 20% VAT after the elections.
Babuşcu listed the products and services that may face price hikes after April 1 as follows:
The following products and services, which are currently subject to 10% VAT, may be subject to 20% VAT after the elections:
-Textile products.
-Clothing products.
-Products such as bags and suitcases.
-Toothbrushes, toothpaste, and dental floss.
-Cultural events such as theater, cinema, and museums.
-Accommodation services such as hotels.
-Food and beverage sector services.
The following products and services, which are currently subject to 10% VAT, may be subject to 20% VAT after the elections:
— Şenol Babuşcu (@senolbabuscu) March 17, 2024
-Textile products.
-Clothing products.
-Products such as bags and suitcases.
-Toothbrushes, toothpaste, and dental floss.
-Cultural events such as theater, cinema, and museums.
-Accommodation services such as hotels…