OTV Amounts of Alcohol Beverages and Tobacco Products Are Updated

As per the article 12/3 of the Special Consumption Tax (ÖTV) Law numbered 4760, published in the Official Gazette on 03.07.2019 and became effective on 05.07.2019; ÖTV amounts of the goods which are in ÖTV (III) list have been updated.

According to the related Law, minimum fixed tax amounts indicated for the products in ÖTV (III) list; or latest minimum fixed tax amounts and fixed tax amounts determined by the Presidency for the related products have been re-adjusted, and became effective as of the announcement date, as per the change occurred in the last 6 months in producer price index as it is announced in January and July by the Turkish Statistical Institute.

Accordingly, minimum fixed tax amounts indicated for the products in ÖTV (III) list; or latest minimum fixed tax amounts and fixed tax amounts are changed as of 03.07.2019 as per the increase in producer price index determined by TUİK. Fixed and minimum fixed tax amounts of soft drinks and alcohol beverages in Table (A), and tobacco products in Table (B) of ÖTV (III) have been increased with the ratio of %8,09 which is the increase rate of domestic producer price index.

You can access Table (A) and Table (B) of ÖTV Law addendum list (III) in Turkish from here.

Author Selma Kıy, Category Taxation Law

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