Tax cut applicable for brandy in Turkey, not wine
Tax cut applicable for brandy in Turkey, not wine
May 9, 2012 6
(HurriyetDailyNews) - A recent cut on the special consumption tax (SCT) on alcohol is not affecting wine prices, but is affecting some imported spirits such as Grappa, Armagnac and Brandy, according to Serdar Özcan of the Wine Producers Association.
Özcan said “fresh grape wine” was not going to be part of the SCT cut, but that he was strongly in favor of seeing a drop in the SCT on wine. According to Özcan, Turkey has a yearly wine production capacity of 130 million liters, but this can vary due to economic conditions, demand and grape production.
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