Turkey

Transfer pricing news, BEPS news, and international tax news in Turkey

Corporate Tax Rates of Turkey in 2021

Posted on by in BEPS, Latest, Multinational Tax, OECD, Tax, Tax Avoidance, Transfer Pricing, Turkey and tagged .

By Kardelen Lule (ADMD / MAVIOGLU & ALKAN, Turkey) 

The rate of corporate tax was amended significantly with the Law No.7316 Amending the Law on Collection of Public Receivables and Certain Laws (“Law No.7316”) published in the Official Gazette dated April 22, 2021.

The rate which was earlier determined for 2018, 2019, and 2020 was 22%. Article 11 of the Law No.7316 amended the corporate tax rates by adding Temporary Article 13 to Corporate Tax Law No.5520 (“CTL”) which increased corporate tax rates to 25% for 2021 and to 23% for 2022. For institutions subject to special accounting periods (the regular period is January 1 to December 31), the mentioned rates will be applied to the earnings of these institutions for the accounting periods starting in the relevant year.Continue Reading

US suspends digital services tax retaliatory tariffs

Posted on by in Austria, BEPS, Brazil, India, Latest, Multinational Tax, OECD, Spain, Tax, Tax Avoidance, Turkey, UK, US and tagged .
US suspends digital services tax retaliatory tariff

On June 2, 2020, USTR initiated investigations into digital services tax adopted or under consideration in ten jurisdictions:  Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey, and the UK.Continue Reading

Digital services taxes of Austria, Spain and UK discriminatory: United States

Posted on by in Americas, Austria, BEPS, Europe, India, Italy, Latest, Multinational Tax, OECD, Spain, Tax, Tax Avoidance, Turkey, UK, US and tagged .
Digital services taxes of Austria, Spain and UK discriminatory

In a release issued on January 14, the USTR said that the each one of these digital services taxes discriminates against US companies, is inconsistent with prevailing principles of international taxation, and burden or restricts US commerce.Continue Reading

Indian, Italian and Turkish digital service tax discriminatory: US Trade Representative

Posted on by in Americas, BEPS, Europe, India, Italy, Latest, Multinational Tax, Tax, Tax Avoidance, Transfer Pricing, Turkey, US and tagged .
Indian, Italian and Turkish digital services tax discriminatory

US Trade Representative has published findings on digital service tax in India, Italy, and Turkey calling it discriminatory and burdensome.Continue Reading

US Trade Representative to investigate digital services tax rules in EU, nine others

Posted on by in Americas, Austria, BEPS, Brazil, Europe, India, Italy, Latest, Multinational Tax, OECD, Spain, Tax, Tax Avoidance, Turkey, UK, US and tagged .
US Trade Representative to investigate digital services tax rules in EU, nine others

These ten trading partners are: Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey, and the United Kingdom.Continue Reading

Mutual Agreement Procedure Statistics Published for 2017

Posted on by in Africa, Americas, Argentina, Asia Pacific, Australia, Austria, BEPS, Brazil, Canada, Chile, China, Denmark, Europe, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Japan, Kenya, Latest, Luxembourg, Mauritius, Mexico, Netherlands, New Zealand, Norway, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Transfer Pricing, Turkey, UK, US and tagged .
Mutual Agreement Procedure Statistics Published for 2017

The OECD on October 10 published its 2017 mutual agreement procedure (MAP) statistics covering 85 tax jurisdictions.

According to the 2017 MAP statistics, new transfer pricing MAP cases are up by 25 percent and other MAP cases by 50 percent. Anecdotal evidence suggests that the increase in new MAP cases is due to a range of factors including the effects of the new reporting framework and increased awareness of and expectations from taxpayers about MAP, the OECD noted.Continue Reading

OECD Transfer Pricing Profiles for 7 More Countries Published

Posted on by in Africa, Asia Pacific, BEPS, Europe, Latest, South Africa, Transfer Pricing, Turkey and tagged .
OECD Transfer Pricing Profiles for 7 More Countries Published

The OECD has published new transfer pricing country profiles for Costa Rica, Greece, Republic of Korea, Panama, Seychelles, South Africa, and Turkey. The OECD has also updated the information contained in Singapore’s profile.Continue Reading

Switzerland Adopts Dispatch on BEPS Convention

Posted on by in Africa, Argentina, BEPS, Chile, Europe, Italy, Latest, Luxembourg, Mexico, South Africa, Switzerland, Transfer Pricing, Turkey and tagged .
Switzerland Adopts Dispatch on BEPS Convention

The author is Alex Hunter, Editor, TP News. He oversees and updates the publication and also  regularly writes news stories about transfer pricing and international tax law. Alex is reachable on email (editor@transferpricingnews.com) and by phone (+447808558597). 

The Swiss Federal Council on Wednesday adopted the dispatch on the OECD’s Multilateral Convention to implement tax treaty-related base erosion and profit shifting (BEPS) measures.Continue Reading