Consumption tax

Greek tax increases top OECD chart

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.

White goods sales soar over 30 pct in Turkey thanks to tax cuts: Association

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. 

Turkish commission approves plan to make 5 pct tax cut for regular corporate taxpayers

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. 

Turkish gov't cuts taxes on electronic goods, housing ahead of key referendum

The Turkish government has cut special consumption taxes on a number of electronic home appliances and has extended value-added tax (VAT) cuts on property acquisitions, in a bid to revive domestic demand ahead of a key constitutional referendum, which is expected to be held in April. 

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