New hike in SCT rates for alcoholic beverages
In accordance with the decision published in the Official Gazette with the signature of President Erdoğan, an increase has been made in the fixed Special Consumption Tax (SCT) rates for alcoholic beverages. The regulation includes a notable rate change for high-alcohol beverages.
With the decision published in the Official Gazette, an increase has been made in the fixed Special Consumption Tax (SCT) rates applied to alcoholic beverages. The decision entered into force with the signature of President and AKP Chairman Recep Tayyip Erdoğan.
According to the new regulation:
For beverages with an alcohol content of 22% or more by volume, the fixed SCT rate, which was previously 1,269.7257, has been increased to 1,428.4400.
The same increase rate was applied to denatured ethyl alcohol and other alcoholic beverages obtained through distillation, regardless of their alcohol content, raising the fixed SCT from 1,269.7257 to 1,428.4400.
News Source: 12punto
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