Turkey To Cut VAT On Tourism Sector, Some Food Products -IHA

"Turkey To Cut VAT On Tourism Sector, Some Food Products -IHA

Turkey To Cut VAT On Tourism Sector, Some Food Products -IHA

Wed, May 30 2007, 09:23 GMT
http://www.djnewswires.com/eu

Turkey To Cut VAT On Tourism Sector, Some Food Products -IHA

ANKARA (IHA)--The Turkish government will reduce value-added tax on Turkey's tourism sector, an important foreign exchange source, to stem the rapidly widening current account deficit, to 8% from the current 18%, in 2008, the official gazette said Wednesday.

The gazette said the government this year will reduce VAT on some food products, which have varying VAT rates. "

Turkey To Cut VAT On Tourism Sector, Some Food Products -IHA