VAT Discount On Basic Food Products Has Arrived

Value added tax (VAT) on basic food products discount done. The President, who remotely attended the meeting where the new economy support package was announced, via video conference. Recep Tayyip Erdogangave the news of the discount himself.

A new law that will change the VAT rates applied to basic food products. edit Declaring that he signed the agreement, President Erdoğan said in a statement. “Tax reduction is becoming an important gain in the fight against inflation. edit tomorrow Official newspaperWe publish in recorded as.

7 percent discount on VAT on basic food products

With the regulation made, as a state, food products 7 percent Expressing that they applied a discount at the rate of “Within the scope of our VAT System Simplification Program, we have reduced the 8 percent VAT on basic food products. to 1 percent we are downloading” used the phrases.

In addition, Erdogan said that products with VAT reduced to 1 percent are also included in the inflation basket. a great burden stated that.

to your words in the food industry Erdoğan continued, stating that they expect a reduction in this rate, “We expect a 7 percent discount on food products as of Monday, on behalf of our nation. So the total discount 14 percentwill find . We expect an approach that will reflect the same discount from other sectors.” conveyed in the form.

So what does ‘essential food products’ cover?

• Cheese
• Olive
• Egg
• Tea
• Meat
• Milk
• Rice
• Vegetables and fruits
• Legumes products
• Nutrients such as protein and fat