• Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 2/3/2014

Turkey - Overview of APA program 

February 3: Since the release of transfer pricing regulations in 2007, transfer pricing has been a focus for both corporate taxpayers and the tax authorities in Turkey. The advance pricing agreement (APA) program in Turkey is an important part of the transfer pricing regulations, in that the APA program is considered to offer a valuable solution and a proactive approach for addressing transfer pricing risks.

Reflecting a global trend of an increasing number of countries establishing and executing APAs, the APA program in Turkey has emerged as an efficient way of managing transfer pricing risk for corporate taxpayers. Multinational entities possibly face a greater risk of disputes with the Turkish authorities over their transfer pricing practices. To address this risk, multinational entities may consider entering into APAs with the Turkish tax authorities (and other tax authorities)—as unilateral APAs (and/or bilateral and multilateral APAs).

The KPMG member firm in Turkey has prepared a 12-page report that examines the APA process in Turkey.

Read the January 2014 report [PDF 580 KB] prepared by the KPMG member firm in Turkey: Advance Pricing Agreement in Turkey

Contact a tax professional with KPMG's Global Transfer Pricing Services.

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