21 February 2018

Turkey amends APA application process

Turkey's Ministry of Finance has announced that amendments have been made with respect to the application process for Advance Pricing Agreements (APAs) via the General Communiqué on Disguised Profit Distribution through Transfer Pricing series no. 3 (the Communiqué). The Communiqué was published in the Official Gazette and entered into force on December 7, 2017. Amendments also were made to the section entitled "6 - Agreement Procedure with the Ministry of Finance, Revenue Administration" in the General Communiqué on Disguised Profit Distribution Through Transfer Pricing series no. 1.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-0384