Greece is the last decade's tax hike champion among the 35 member-states of the Organization for Economic Cooperation and Development, according to a new OECD report.
The report, which reflects the huge burden imposed on Greek taxpayers, shows that Greece remains the global leader not only in the sum of taxes but also in categories such as consumption taxation and property levies.
An additional 15.5 percent special consumption tax has been added for alcoholic beverages early in July, automatically in line with Turkey's producer price index in the first half of the year.
The government has slashed property taxes ahead of the snap June 24 elections, with a new legal package also including a higher income tax exemption for female workers whose children go to a day care center and changes to the special consumption tax for a group of alcoholic beverages.
White goods sales surged 33 percent across Turkey in the first five months of the year due to significant tax cuts in the sector.
According to data from the Turkish White Goods Industrialists Association (TÜRKBESD), Turkey's white goods exports also saw a 4 percent increase in the January-May period, increasing to 7.69 million units, Reuters reported on June 20.
With a cabinet recent decision, there will be no Special Consumption Tax (ÖTV) on appliances, yachts, boats, cruise and excursion ships and no stamp tax on real estate.
A Turkish parliamentary commission has approved a law proposal that stipulates a 5 percent cut in taxes for corporate taxpayers who pay on regular basis and on time.
According to the proposal, which was accepted late on Feb. 15, all corporate taxpayers will pay 5 percent lower than the calculated taxes if they meet a number of conditions, Reuters has reported.