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UPDATE 1-Turkey to cut some telecom taxes - sources
October 16, 2008 / 12:58 PM / 9 years ago

UPDATE 1-Turkey to cut some telecom taxes - sources

(Adds background, details)

ANKARA, Oct 16 (Reuters) - Turkey plans to cut taxes on some telecommunications services, beginning with a cut on tax for broadband services, government sources told Reuters on Thursday.

The special tax on broadband services will be reduced to 15 percent from 25 percent, the sources said.

Turkey has some of the highest telecommunications taxes in the world.

Turkey’s mobile operator market is made up of Avea, owned by Turk Telekom (TTKOM.IS), Turkcell (TKC.N) and Vodafone (VOD.L).

The tax cuts are expected to be introduced with the new budget which will most likely take effect at the beginning of 2009.

Reporting by Orhan Coskun and Hatice Aydogdu; editing by Elaine Hardcastle

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