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> Are those taxes effectively targeting products that are imported? Nope, pretty much anything that is not deemed basic biological need has some amount of Luxu
by mrtksn 5y ago
> Are those taxes effectively targeting products that are imported?
Nope, pretty much anything that is not deemed basic biological need has some amount of Luxury Consumption Tax, or ÖTV.
Alcohol, electronics, cars, fuel ,communication services, communication devices, cola and similar drinks, cosmetic, newspapers etc.
The rate and the items will change all the time. Especially for the fuel, it's used as a buffer to keep gas prices stable as the Turkish lira and oil prices fluctuate. Currently the luxury tax on gas and diesel is 0 because they gradually reduced it to keep the price somewhat stable as the oil prices soar and the Turkish lira falls. When the oil prices were low and the lira was strong, Turkey had the most expensive fuel prices in the world. Currently, it's the cheapest in Europe.