16 August 2016 Turkey introduces new explication notice practice into tax system Under one of the new practices introduced by Turkey's Law on the Amendment of Certain Laws in order to Improve the Investment Environment, published in the Official Gazette on August 9, the tax authority may request information from taxpayers before initiating a tax inspection. The explication notice practice is intended to encourage taxpayers' voluntary compliance with tax inspections. Accordingly, taxpayers are required to provide an explanation before the initiation of a tax inspection if there are preliminary findings detected with respect to a tax loss by the related authorities, on the condition that no written notification was made prior to the date of detection. Document ID: 2016-1404 |
