Turkey: Government increases the special consumption tax thresholds for mobile phones
Turkey’s government increased the special consumption tax thresholds for mobile phones in order to facilitate the cost reduction of cheaper devices after a price hike. It was published in the Official Gazette.
Revised special consumption tax rate base:
| Cost of Mobile phone | Tax Rate |
| TRY 1,500 or less | 25% |
| TRY 1,500 to TRY 3,000 | 40% |
| Others | 50% |
Turkish consumers are seeing their purchasing power trumped by massive inflation. According to Statista, inflation increased to 61.1% on an annual basis in March, the highest rate of increase in two decades. Imported items such as phones have also risen in price after the Turkish lira’s 44% decline against the dollar last year.
Source: resmigazete.gov.tr
