03.01.2025 14:41
The excise tax rate on alcoholic beverages and cigarettes has been increased. The decision is expected to reflect as a rise in the prices of cigarettes and alcohol. It is anticipated that the price of a pack of cigarettes will increase by 2 to 2.5 lira.
The Ministry of Treasury and Finance has increased the Special Consumption Tax (SCT) rates on alcoholic beverages and tobacco products. According to the updated rates published by the Revenue Administration, the increase in SCT has been set at 7.56%.
IMPACT ON CIGARETTE PRICES
With the increase in SCT, the minimum fixed tax on cigarettes has risen from 1.7026 TL to 1.8312 TL. Under this regulation, a price increase of approximately 2 to 2.5 TL per pack is expected for cigarette prices.
HIGH SCT ON ALCOHOLIC BEVERAGES
The increase has also affected the prices of alcoholic beverages. For example, the SCT on 1 liter of raki with an alcohol content of 45% has been raised from 571.37 TL to 614.56 TL. This will reflect a price increase of 43.19 TL for consumers.
REFLECTION OF NEW PRICES
This regulation on SCT rates will lead to a significant increase in both cigarette and alcohol prices. This situation is expected to have effects on consumers' budgets as well as to resonate in the tobacco and alcohol sectors.