Post by account_disabled on Mar 16, 2024 8:00:29 GMT
The that range and Other documents that is required to determine the armslength price. Information and documents except by VIP the biggest corporate taxpayers determined according to their revenue gross profit extent of asset and the number of employees tax office taxpayers are not submitted as a matter of course with a companys annual corporate tax return but should be ready for tax purposes until April when corporate tax returns are submitted if they are required by the tax authorities. In addition the revenue administration may ask for additional information and documentation from the taxpayer if necessary.
If the related information and documents are in a foreign language they must be translated into Turkish. Annual Documentation VIP tax office taxpayers have to prepare an annual transfer pricing B TO B Database report that includes the listed information and documents related to their domestic and crossborder transactions with related parties in a fiscal year until the end of the corporate tax declaration period and present it to the Tax Office. The same documents are separately submitted to the tax scrutiny authorities by taxpayers if requested. Corporate taxpayers other than those registered with the VIP tax office only need to prepare an annual report related to their crossborder transactions with related parties.
As things stand corporate taxpayers other than those registered with the VIP tax office are not required to prepare a transfer pricing report for their domestic relatedparty transactions and personal income taxpayers are not required to prepare a transfer pricing report for both their domestic and international relatedparty transactions. However they must do so if the tax authorities ask them to. Documentation for Advance Pricing Agreements Article of Corporate Income Tax Law states for tax purposes that the transfer prices applied in the purchase or sale of goods or services between related parties as well as methods to be used to compute such prices may be specified in an advance pricing agreement.
If the related information and documents are in a foreign language they must be translated into Turkish. Annual Documentation VIP tax office taxpayers have to prepare an annual transfer pricing B TO B Database report that includes the listed information and documents related to their domestic and crossborder transactions with related parties in a fiscal year until the end of the corporate tax declaration period and present it to the Tax Office. The same documents are separately submitted to the tax scrutiny authorities by taxpayers if requested. Corporate taxpayers other than those registered with the VIP tax office only need to prepare an annual report related to their crossborder transactions with related parties.
As things stand corporate taxpayers other than those registered with the VIP tax office are not required to prepare a transfer pricing report for their domestic relatedparty transactions and personal income taxpayers are not required to prepare a transfer pricing report for both their domestic and international relatedparty transactions. However they must do so if the tax authorities ask them to. Documentation for Advance Pricing Agreements Article of Corporate Income Tax Law states for tax purposes that the transfer prices applied in the purchase or sale of goods or services between related parties as well as methods to be used to compute such prices may be specified in an advance pricing agreement.