Description of ‘VAT Discount’ from Chain Markets

With the reduction of VAT on basic food products to 1 percent, statements began to come from chain markets one after another. A101, BİM, CarrefourSA, Migros and ŞOK announced that the 7 percent VAT reduction is directly reflected in the prices.

President Erdogan, in a statement he made recently, stated that VAT on basic food products reduced from 8% to 1%. announced and called on markets to lower prices. had been found. The VAT regulation in question was published in the Official Gazette dated February 13. entered into force. Now the markets, one after the other VAT description they started doing it.

One of Turkey’s largest chain markets Migrosmade a press release on VAT regulation. In the statements made by the company, it was stated that VAT reduction was realized in around 20 thousand products and that the prices were lowered. directly downloaded expressed. Explaining that he was not satisfied with this discount alone, Migros said that food prices were reduced a little more with the campaigns.

Migros’ statement on the subject is as follows:

Source :
https://t24.com.tr/haber/migros-tan-gidada-kdv-oraninin-dusurumi-iliskin-aciklama-20-binin-uzerinde-urunun-fiyati-dustu,1014797


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