VAT reduced to 1%
The high inflation rate in Turkey has led to a number of measures. One of them is an adjustment of the value-added tax. As of this week, the VAT rate on basic food products has been reduced from 8% to 1%. President Recep Tayyip Erdoğan also announced harsh penalties for companies that do not pass on the reduced VAT to consumers or even actively oppose it.
Exports at pre-pandemic level
There is still little trading activity in the Turkish sultana market, as spot demand is low and there is little movement on the