Turkey Raises Special Consumption Tax on Tobacco

Turkey has increased the special consumption tax on tobacco by 47.4 percent to TRY14.39 ($1.10) per pack, reports Bianet.

The special consumption tax is based on the domestic producer price index. It is calculated both as a minimum fixed tax and a fixed tax. Each of these has been increased from TRY0.48 to TRY0.7 lira for a pack of cigarettes.

 The minimum price of a pack of cigarettes will be TRY22.85.