- Turkey raised fixed special consumption tax (SCT) on petroleum products by 19.49%
- Petroleum products subject to increased SCT include unleaded gasoline, diesel, natural gas, LPG, motor oils, and more
- Fixed tax amounts for petroleum products will be adjusted automatically every January and July
- Adjustments based on change in domestic producer price index over preceding six months
- 19.49% increase in fixed tax amounts based on price changes monitored between July and December
- Revised SCT for petroleum products went into effect from 3 July, 2024
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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