In the midst of an economic slump, Turkey will increase its tax rates

In the midst of an economic slump Turkey will increase

Turkish inflation is at its lowest level in 18 months: 38.2% over one year, it was 85% in October 2022. If the country continues to suffer from this increase in prices and the depreciation of its currency, it is still suffering the consequences of the February 6 earthquake. The government precisely wishes to raise its taxes in order to help with the reconstruction.

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