ISTANBUL: Turkey expects an additional 1.3 billion ($560 million) in 2015 from an increase in tobacco tax and 500 million lira from a tax hike on alcoholic beverages, Finance Minister Mehmet Simsek said on Wednesday.
The tax hike will add 10-16 percent to alcoholic beverage prices, Simsek said in a interview broadcast live on Kanal 24.
Turkey introduced the hikes on Jan. 1.
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