Turkey unveils $15.4B relief package for coronavirus

ANKARA 

Turkey on Wednesday unveiled a relief package worth 100 billion Turkish liras ($15.4 billion) to limit the economic fallout from coronavirus.

President Recep Tayyip Erdogan announced the package, which includes debt payment delays and tax cuts across various sectors, following a meeting on measures to counter the pandemic at Cankaya Palace in Ankara.

“Value added tax (VAT) on domestic airline flights has been cut to 1% from 18% for a period of three months,” Erdogan said.

Also, social security premiums and VAT deductions have been suspended for six months across various sectors, including retail, malls, iron-steel, automative, logistic and

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