Developments in the Transfer Pricing Landscape

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Developments in the Transfer Pricing Landscape 1. Introduction Turkey introduced its first transfer pricing rules in 2007, and the Turkish transfer pricing system was adopted from OECD guidance and based on the arm’s length principle. In the first year of implementation, the Turkish Cabinet determined the transfer pricing procedures based on the authority granted by…

Website for Online VAT Registration of Non-resident Electronic Service Providers is On Air Now

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Article 9 the Turkish Value Added Tax (VAT) Law on the “Party Liable for Tax” was amended in 2017. New amendment stipulates that VAT arising from services provided electronically by those without a residence, workplace, headquarters, or business centre in Turkey to individuals in Turkey who are not VAT taxpayers must be declared and paid…