Turkey cuts VAT on electrical energy to eight% – Erdogan

Turkish President Tayyip Erdogan speaks following a cupboard assembly in Ankara, Turkey February 28, 2022. Presidential Press Workplace/Handout through REUTERS

ANKARA, Feb 28 (Reuters) – Turkey diminished the VAT on electrical energy utilized in residences and agricultural irrigation to eight% from 18%, President Tayyip Erdogan introduced on Monday, in a transfer to fight hovering inflation.

“By the summer time months, we may have introduced the inflation downside, which has been plaguing our nation in every day life, beneath management to an excellent extent,” Erdogan instructed a information convention after a cupboard assembly in Ankara.

Reporting by Tuvan Gumrukcu and Ece Toksabay

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