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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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 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:

-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…
— Şenol Babuşcu (@senolbabuscu) March 17, 2024