Post by account_disabled on Mar 16, 2024 7:37:02 GMT
The on the ownership of intangibles and the price of intangibles gained or paid. Summary of financial structures of related parties becoming party to agreement and changes having capacity to affect on the financial structures of taxpayer. Required information if the related parties started to use different accounting standards andor methods. Realization dates and amounts of transactions assumed in APA and payer and taker of concerned transaction. The price computed by the method stated in APA and way of computation for the price information on implementation of method stated in APA in concerned year.
Other points determined previously in APATax Return Disclosures Record Retention Penalties for Lack of Compliance with Documentation Requirements Legal Arrangements for Transfer Pricing Documentation B TO B Database Transfer pricing legislation was introduced by Article of the new Corporate Income Tax Law of June and is in force from January . Definitions in OECD Guidelines were taken into consideration in Article . In parallel with the transfer pricing rules introduced into the Turkish tax system by the new Corporate Income Tax Law a related provision has been added to Article of Personal Income Tax Law . Article of the Corporate Income Tax Law states that a company must keep records charts and other documentation relating to determination of the armslength principle.
This must include details of all calculations and proceedings related to the method used for relatedparty transactions and the implementation of the method. Moreover Article of the Corporate Income Tax Law provides that the procedures governing transfer pricing are to be determined by the Council of Ministers. The Council of Ministers has specified these procedures in Decree . The decree like the transfer pricing guidelines sets forth rules with regard to transfer pricing as well as transfer pricing documentation. Furthermore the Ministry of Finance prepared and notified a Communiqu on the Hidden Distribution of Profit to ensure that taxpayers better.
Other points determined previously in APATax Return Disclosures Record Retention Penalties for Lack of Compliance with Documentation Requirements Legal Arrangements for Transfer Pricing Documentation B TO B Database Transfer pricing legislation was introduced by Article of the new Corporate Income Tax Law of June and is in force from January . Definitions in OECD Guidelines were taken into consideration in Article . In parallel with the transfer pricing rules introduced into the Turkish tax system by the new Corporate Income Tax Law a related provision has been added to Article of Personal Income Tax Law . Article of the Corporate Income Tax Law states that a company must keep records charts and other documentation relating to determination of the armslength principle.
This must include details of all calculations and proceedings related to the method used for relatedparty transactions and the implementation of the method. Moreover Article of the Corporate Income Tax Law provides that the procedures governing transfer pricing are to be determined by the Council of Ministers. The Council of Ministers has specified these procedures in Decree . The decree like the transfer pricing guidelines sets forth rules with regard to transfer pricing as well as transfer pricing documentation. Furthermore the Ministry of Finance prepared and notified a Communiqu on the Hidden Distribution of Profit to ensure that taxpayers better.