Government cuts tax on electricity

A gradual tariff was introduced for households’ consumption

The government has decided to reduce the value-added tax (VAT) on electricity, President Recep Tayyip Erdoğan has said.

Qazet.az informs that “The VAT was cut down from 18 percent to 8 percent for electricity used in residences and agricultural irrigation,” Erdoğan announced following a cabinet meeting on Feb. 28.

With this cut, electricity costs will decline between 8 percent to 14 percent, depending on consumption, the president added.

After the VAT reduction, households will save as much as 7 billion Turkish liras each year on electricity bills, Erdoğan said.

In January, a gradual tariff was introduced for households’ consumption.