Raki in Turkey is 261 percent more expensive than in Cyprus

Published 2024년 7월 9일

Tridge summary

The article highlights the significant difference in the price of raki between Cyprus and Turkey, with Turkey seeing a much higher cost due to higher taxes. The price of a liter of raki in Turkey has increased to 925 lira, a stark contrast to the 255.90 lira in Cyprus. The price increase is attributed to a 19.49% rise in the special consumption tax (SCT) and other taxes such as VAT. The Turkish Monopoly Dealers Platform President defended the high taxes, stating it accounts for the remaining 670 TL of the price gap. tax expert Dr. Ozan Bingöl calculated the tax increase on 70 proof raki after the recent inflation data, showing a notable rise in the total tax amount.

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Original content

Following the announcement of 6-month inflation data and the price hikes for alcoholic beverages and tobacco products, the difference between raki prices in Cyprus and Turkey became a hot topic. Following the increase in special consumption tax (SCT) amounts by 19.49 percent, which is the six-month producer inflation, liquor brands added their own increases to the SCT increase. With the last price increase, the price of 70 oz of raki of a domestically produced raki brand has become 925 lira in Turkey. A person sharing on social media platform X noted that the same raki is 255.90 lira in Cyprus. Responding to this post, Turkish Monopoly Dealers Platform President Özgür Aybaş said, "The remaining 670 TL is our tax." TAX ON 70'S RAKI Tax expert Dr. Ozan Bingöl calculated the increases in the amount of tax collected from 70 proof raki after the inflation figures were announced. According to Bingöl's calculation; The SCT amount on 70 glasses of raki increased ...

Source: Bursahakimiyet