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    Home > Agriculture News > Fertilizer News > Turkey cuts fertilizer value-added tax

    Turkey cuts fertilizer value-added tax

    • Last Update: 2022-03-28
    • Source: Internet
    • Author: User
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    In order to ensure the supply of chemical fertilizers, the Turkish government officially announced that the value-added tax on chemical fertilizers will be reduced from 18% to 1%.
    The policy will be implemented from January 1, 2016

    .
    At the end of December 2015, some analysts believed that dealers were worried about tax rate changes and increased costs, so they were cautiously waiting and watching, reducing import orders.
    The introduction of this policy will increase the number and speed of dealers' purchases

    .
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