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[Cyprus Times] Taxes on tobacco and alcohol increase in the occupied territories

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Taxes on tobacco and alcohol increase in the occupied territories The price of raki, whisky and wine soared
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A tax on alcohol in order to stabilize the "fiscal" deficit is imposed by the "government" of the pseudo-state, while taxes on tobacco are also increased.

As reported by the Press and Information Office (PIO), the newspaper "Yeni Dusen" writes that according to the new tax, the price of a liter of raki and whiskey is increased from 13 Turkish Lira (TL) to TL 50 and the price of a liter of wine from TL 4 to TL 20.

Speaking to the newspaper, "Finance Minister" Sunat Atun said that "it is necessary to take measures, public institutions, social security and municipalities are over-indebted."

He also added that in the occupied territories beer is sold for TL 10, in Turkey for TL 22.5 and in the Republic of Cyprus for TL 24. He said that beer is cheaper than water in the occupied territories and added that the budget deficit is expected to reach TL 4.6 billion.

The newspaper also writes that importers of alcoholic beverages have expressed concern about soaring retail prices following this development.

In addition, Kipris Postasi writes that the "government" has increased the tax on tobacco and tobacco products after alcohol. All products, including packets, tobacco and e-cigarettes, were increased by 2 TL, it notes.

Source: CNA


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