Turkish minister: there will be no tax changes in 2011

Finance Minister Mehmet Şimşek said on Thursday that he does not expect any rise or drop in tax rates in general this year.

Turkish minister: there will be no tax changes in 2011

World Bulletin / News Desk

Finance Minister Mehmet Şimşek said on Thursday that he does not expect any rise or drop in tax rates in general this year.

The Turkish finance minister and Energy Minister Taner Yıldız responded to reporters' questions during a ceremony for transferring the responsibility for electricity distribution from Fırat Electricity Distribution -- the electricity provider for the southeastern provinces of Elazığ, Bingöl, Malatya and Tunceli -- to Aksa Electric Distribution, which was the winner in the tender with a bid of $ 230.25 million. In response to a question on whether there will be changes in tax rates this year, Şimşek said they did not add anything regarding a tax increase or decrease for this year in the 2011 budget.

Moreover, the finance minister mentioned that they have allocated additional funds to the Health Ministry in the 2011 budget. “We met the health expenses from the budget and, therefore, there will be no tax arrangement for this year. Also there will be no additional tax rates or any rate increase or decrease this year,” he said. “The budget showed a strong performance in 2010 and we would like to keep it like this also this year.”

Fırat Electric Distribution recorded a total electricity consumption of 2.15 million megawatts per year and nearly 660,000 legally registered subscribers, while illegal electricity usage made up about 11 percent of the total consumption.

On the other hand, the Turkish energy watchdog the Energy Market Regulatory Agency (EPDK) will invest approximately TL 277 million between the years 2011-2015 in Fırat Electric Distribution in several projects to decrease illegal electricity usage and increase the efficiency of the energy company.

Last Mod: 06 Ocak 2011, 18:11
Add Comment