Special Consumption Tax income goes to interest

Special Consumption Tax income goes to interest
Date: 20.10.2018 12:00

According to the distribution of Special Consumption Tax (ÖTV), 68 billion 743 million 839 thousand liras of oil and natural gas products in 2019, motor vehicles 24 billion 36 million 32 thousand liras, alcoholic beverages 15 billion 309 million 448 thousand liras, tobacco products 45 billion 655 million 442 thousand liras 936 million 945 thousand liras of solid soda, durable consumption and other goods 9 billion 349 million 350 thousand liras is targeted.

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The budget for the next year is expected to be 164 billion 31 million 56 thousand liras from the SCT and 193 billion 745 million 951 thousand liras in 2020. According to the distribution of SCT, 68 billion 743 million 839 thousand liras of oil and natural gas products in 2019, motor vehicles 24 billion 36 million 32 thousand liras, alcoholic beverages 15 billion 309 million 448 thousand liras, tobacco products 45 billion 655 million 442 thousand liras, 936 million 945 thousand liras of canned soda, durable consumption and other goods 9 billion 349 million 350 thousand liras is targeted.
 
In the next year's budget, 176.7 billion liras of income tax, 81 billion liras from corporate tax is expected. The income tax is estimated to reach 206.2 billion liras in 2020 and 230.2 billion liras in 2021.
 
The corporation tax also has an income target of about 96.8 billion liras in 2020 and 109.3 billion liras in 2021.
 
Domestic tax revenues are expected to be around 153 billion liras in the coming year, 178.7 billion liras in 2020 and 200.2 billion liras in 2021.
 
In the next year, 1 billion liras of inheritance and inheritance tax, 16.1 billion liras of motor vehicles tax is envisaged.
 
According to the 2019 Central Government Budget Law Proposal submitted to the Presidency of the Grand National Assembly of Turkey, total budget revenue is expected to be 966 billion 672 million 787 thousand liras next year. The budget for the next year is estimated at 164 billion 31 million 56 thousand liras.

YEREL HABERLER

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