"Excise tax increase on tobacco and alcohol"

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.