Image Map

Temporary Tax Reductions in Erdoğan's Crisis Package

At a local election rally in Çankırı, central Anatolia, Prime Minister Recep Tayyip Erdoğan announced a new package to combat effects of the economic crisis.

The package includes tax reductions which will be valid for three months:

  • The 1.5 percent title deed fee charged during the sale of second-hand buildings and offices is reduced to 0.5 percent.
  • Value Added Tax (VAT) charged during the sale of buildings is reduced from 18 to 8 percent.
  • VAT on home and office furniture is reduced from 18 to 8 percent.
  • VAT on computers, IT technology and office technology is also reduced to 8 percent.
  • Small and medium-sized businesses can make use of the same VAT reduction (from 18 to 8 percent) when purchasing certain industrial and work machines.

 

http://www.bianet.org/english/kategori/english/113388/temporary-tax-reductions-in-erdogans-crisis-package

ITUC ETUC