SCT adjustment for cigarettes and tobacco products: Dropped by 6 percent, postponed for 6 months
Special Consumption Tax (SCT) rates on cigarettes and certain tobacco products have been reduced. Some minimum specific SCT amounts have been increased. However, the new rates and amounts will not be applied for the January-June 2024 period.
According to the Presidential decree published in today's issue of the Official Gazette, which redefines the SCT rate and minimum specific SCT amounts for some of the products included in table (B) of list (III) attached to the SCT law, the SCT rate on cigarettes and some tobacco products has been reduced from 63 percent to 57 percent, while the minimum specific SCT amounts have been increased from 1.1114 TL to 1.4249 TL.
According to the report in Ekonomim; with the article added to the decision, it has been stipulated that the provision in the 3rd paragraph of Article 12 of the SCT law—which states that the SCT rate and specific SCT amounts for the goods in the aforementioned list (II) shall be redetermined based on the rate of change in the producer price index over the last 6 months—will not be applied for the January-June 2024 period.
News Source: 12punto
Most Read
Historic words from Özgür Özel at the CHP group meeting
Air Force Academy student Veli Bilgin has died
Striking picture for Özgür Özel's 'New Party'
The PKK opening and Özgür Özel’s path!..
How did the newspapers view Özgür Özel's farewell to the CHP?
He killed his wife by slitting her throat: Their children witnessed the moments
Tuncer Bakırhan calls for a framework law
Here are the names that will be in Özgür Özel's new party!
What did the CHP do?
AKP mayor held responsible