Government Mulling Wine Tax Cut

The Turkish government has proposed a cut in tax on wine production, following a series of reports from the wine industry saying that local producers are giving up the industry due to a lack of profitability. According to local media reports, the Finance Minister has sent a proposal to the Cabinet recommending a tax cut from the current YTL3 per litre, down to YTL1.74 per litre. This cut would come as a major relief for local wine producers, who have been struggling under this high tax burden since 2005 when the government decided to raise the Special Consumption Tax on

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