Turkey declares value-added Tax Reduction (VAT) on Many products to counter inflation head of state announced Monday, including hygiene and medical products equipment.
“We have decided reduce value added tax of Products such as detergents, soap, toilet paper, tissues, and baby Diapers from 18% to 8%.
Turkey’s annual consumer price Index (CPI) jump more than expected to the highest level in two decades of 54.4% in February.
