Business

ATO President Gursel Baran: VAT reduction will refresh the food and beverage sector

Ankara Chamber of Commerce (ATO) President Gursel Baran stated that the reduction of VAT from 18% to 8% in all food and beverage services is refreshing news for the sector, which has been suffering for a long time.

Gursel Baran shared on his Twitter account about the VAT reduction decisions announced by President Recep Tayyip Erdogan after the Cabinet meeting held today.

Gursel Baran shared, “The reduction of VAT to 8% in the food and beverage sector has been refreshing news for the sector, which has been suffering for a long time. I would like to thank our President Recep Tayyip Erdogan and our ministers for listening to the demands of our members. I believe that the VAT reduction on basic needs products will be beneficial in preventing price increases. VAT reduction on medical devices and lands and lands will also contribute to the increase in sectoral activities.”

Source: Sabah / Translated by Irem Yildiz

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