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VAT on imports is largest share of tax items

VAT on imports is largest share of tax items

BY TALIP AKTAS Imports and exports hit an all-time high in 2021. Imports, which exceeded USD 217bn, caused a considerable change in the composition of budget revenues. The new economic model made a positive contribution to the budget balance as a result of imports. The Value-Added Tax (VAT) levied on imports generated TRY 261.9bn of...