Turkey was revealed as the six largest taxer of alcohol among members of the Organization for Economic Co-operation and Development (OECD).
Turkey will be lifting a 20-percent customs tax on melt blown fabrics used for mask production. An executive order also removed customs taxes on 125 other intermediate products that aren't produced domestically.
Turkey's President Recep Tayyip Erdoğan said that the government would be implementing new tobacco taxes, because they love smokers and they want to discourage their habit. The president is a life-long campaigner against tobacco, even known to have confiscated cigarettes from people.
The Wealth Fund has the freedom of incorporating any profiting institution without needing to be accountable to the parliament. Moreover, with the recent sweeping law that was passed thanks to the epidemic, the government it is now pretty much exempt from all laws including trade, tax, development and human resources.
Turkey's most recent increase of its special consumption tax on gas and diesel fuel will bring an estimated five billion Turkish Liras of annual income. With a 0,18 TL/litre increase on the tax, it is now 2,52 TL/litre for gas and 2,05 TL/litre for diesel fuel.