Türkiye will increase corporate taxes and issue an additional motor vehicle tax, mainly to fund the recovery from major earthquakes that struck the country in February, according to a draft law presented to Parliament by the ruling Justice and Development Party (AK Party) Wednesday. The earthquakes in southeastern Türkiye killed over 50,000 people, left millions…
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The rise this week in petrol due to an increase in Government tax has sparked fears that it could set a new round of price hikes in taxi and bus fares. The Special Consumption Tax (SCT), which was 2.52 TL per litre of gasoline, was increased to 7.52 TL. The tax on diesel rose…
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Exaggerated housing prices, a declining lira, and people wondering whether houses in Turkey can be used as an investment tool are all causing the sector to take stock this summer. In real terms, housing prices have decreased in foreign currency terms and could fall further with the ailing lira. While house prices have been above…
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