The President’s decision was published in the Official Gazette and entered into force.
With the decision, the excise duty of the cigarettes and the fixed tax amount were redefined.
According to information obtained from the Ministry of Treasury and Finance, the decision was changed to the composition of SCT in a way that does not lead to any change in tax revenues.
In this context, while the excise rate of cigarettes was reduced at the rate of excise duty, the fixed tax amount was carried out to compensate for the decrease in tax revenues caused by this discount.
With the arrangement, the multiplier effect of cigarettes was reduced from 4.4 to 3.8, while the aim of supporting inflation as a fiscal policy was reported to be supported.
Thus, due to an increase of 1 pound in costs, the amount of increase in cigarette prices was 4.4 pounds, not 3.8 pounds.
This is the name of the fiscal policy of the budget in order to limit the inflationary effect.
