A press release on the subject has also been issued by Reis Food, the leader in its sector in Turkey. In the press release published on behalf of Mehmet Reis, Chairman of the Board of Reis Food, it was pointed out that reducing Value Added Tax (VAT) on basic food products from 8 percent to 1 percent is beneficial for the consumer.
In the statement, it was stated that Reis Food will make an additional discount in addition to the VAT reduction, and said, "With the 7 percent VAT reduction, the industry is expected to complete this discount by '7 percent additional support' to 14 percent. As Reis Food, we are also holding meetings with our sales points in this direction. We continue our efforts to provide more support to our consumers.”
“WE ARE READY TO DO OUR MISSION”
Reminding the mission undertaken by Reis Food in the continuation of the statement, “As it is known, as Reis Food, we have fulfilled our commitment to apply fixed prices until the end of January with the prices of November 2021, on the basis of a sense of shared responsibility and voluntariness. As in the past, we are ready to do our part to minimize the impact of price hikes on our citizens. If the April-May rains fall in seasonal normals, as in the winter months, both the producer and the consumer will smile. Increasing production at lower costs will stabilize food prices.”