Transfer Pricing in Turkey
Professional Advisory
According to the OECD, almost 60% of world trade is accounted for by intra-company transactions.This statistic explains why the EU as well as local jurisdictions address this topic ever increasingly of recent times, transforming it into one of the most crucial international tax challenges.
The main goal of the transfer pricing policies is to maintain the arm’s length principle, thus avoiding shifting profits into another country (or from one company to another), in order to minimize the tax burden and increase profitability. To demonstrate that the arm’s length principle is maintained, related companies are required to keep the Transfer Pricing documentation with supporting evidence that their Transfer Pricing policies are compliant.
When dealing with complex intercompany transactions, turn to the highly trained Crowe transfer pricing team of tax professionals and economists. We can provide insights into the intricacies of transfer pricing analysis to help you get a clear picture of your options. Crowe can also help you develop best practices for comprehensive tax due diligence, resolving transfer pricing inquiries, and interacting within each country of operation.
- Identification and review of transactions between related parties in your company, evaluation of potential risks
- Examination of the current Transfer Pricing policies that are in place in your group and preparation of local documentation based on applicable legislation in particular country
- Advising you the most suitable Transfer Pricing method within available legislative options and administrative guidance
- Preparation of all required documentation to support the applied Transfer Pricing method
- Application of the Advance Pricing Agreements (APA) and Mutual Agreement Procedures (MAP) within the applicable legislation framework
- Representing you in communication with the tax offices by obtaining approval of the selected Transfer Pricing method and defending the established Transfer Pricing strategy by controls executed by tax authorities
- Continuous support by implementation of the Transfer Pricing strategy and regular update of the supporting documentation
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