Production value
The amount actually produced by the company, based
on sales, including changes in stocks and the resale of
goods and services. The production value is defned as
turnover, plus or minus the changes in stocks of fnished
products, work in progress and goods and services
purchased for resale, minus the purchases of goods
and services for resale, plus capitalized production, plus
other operating income (excluding subsidies). Income
and expenditure classifed as fnancial or extraordinary
in company accounts is excluded from production value.
Purchases of goods
The value of all goods and services purchased during
the accounting period for resale or consumption in the
production process, excluding capital goods. It refers to
externally-bought products and services.
Social security
Financial contributions paid by employees and
their employers giving access to the social security
contributions (SSC) system and entitlement to certain
benefts in situations of unemployment, sickness,
disability or old age.
Stamp Tax
Stamp duty applies to a wide range of documents,
including contracts, agreements, notes payable, capital
contributions, letters of credits, letters of guarantee,
fnancial statements and payrolls.
TAPDK
Turkish Regulatory Committee for Tobacco, Tobacco
products and Alcoholic Beverages Market.
Tax parity
Ratio between excises levied on beer and other
alcoholic drinks such as spirits and wine (per litre of pure
alcohol). Equality of prices of goods. The tendency to
tax some drinks more than others.
Tonne
One tonne equals 1000 kilogram’s.
Top-down approach
Analysis of the direct, indirect and induced effects,
taking existing statistics as a starting point.
Value-added
Difference between the production value and the value
of purchased inputs (goods and services). In economic
terminology value-added is also defned as the
reward for all production factors (mainly labor, capital,
entrepreneurship).
VAT
A value added tax (VAT) is a form of consumption tax.
From the perspective of the buyer, it is a tax on the
purchase price. From that of the seller, it is a tax only
on the "value added" to a product, material or service.
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VI
Annex VI - Glossary