Turkey lowers tax on tobacco products, Malaysia tightens illicit ring
Turkey lowers tax on tobacco products, Malaysia tightens illicit ring NST Business © Provided by New Straits Times Turkey’s alcoholic beverages and tobacco component makes up 6.06 per cent of the inflation basket while cigarettes make up a large part of that component. NST/WEB KUALA LUMPUR: Turkey has announced that the country will lower special consumption tax on cigarettes and tobacco products to 63 per cent from 67 per cent previously. According to the Official Gazette report on Friday, the move could help ease some upwards pressure on inflation. The new report furthe...