Post by account_disabled on Mar 16, 2024 7:37:05 GMT
The understand transfer pricing principles including documentation rules and how uniform application is achieved. Level of Documentation All related parties that are taxpayers in Turkey must prepare transfer pricing documentation that can be used as a basis for assessing the transfer prices to determine whether prices and terms of intercompany transactions are at arms length or not. However personal income taxpayers if a part of transaction are obliged to prepare the necessary documents for relatedparty transactions in case the tax authorities require them.
So the Decree and Communiqu on the Distribution of Hidden Profit by means of Transfer Pricing determine the documentation requirements. Information and documents which must be compiled for relatedparty transactions are Summary information about description of the activities form of the organisation headquarter and branches shareholders form of capital sector B TO B Database economic legal background of the taxpayer and description of the related parties for example tax ID number address and telephone numbers and information about ownership relations between these parties All information related to the functions risks assumed and assets used.
The price list in the year transaction occurred The cost of production in the year transaction occurred Information about the volumes of controlled and uncontrolled transactions in the fiscal period which involves transaction date and invoices bank slips and similar documents The copies of agreements issued between related parties at the fiscal period of transaction Summaries of financial statements of related parties The intercompany pricing policy applied to transactions between related parties If the related parties use different accounting standards and methods the information related to these standards and methods The information related to intangible property ownership and payments of intangible rights Information and documents internal andor external benchmarks comparability analysis related to choice and application of transfer pricing method used Detailed information related to calculation and assumptions to determine arms length price or profit margin If armslength range is determined the method used in the determination of.
So the Decree and Communiqu on the Distribution of Hidden Profit by means of Transfer Pricing determine the documentation requirements. Information and documents which must be compiled for relatedparty transactions are Summary information about description of the activities form of the organisation headquarter and branches shareholders form of capital sector B TO B Database economic legal background of the taxpayer and description of the related parties for example tax ID number address and telephone numbers and information about ownership relations between these parties All information related to the functions risks assumed and assets used.
The price list in the year transaction occurred The cost of production in the year transaction occurred Information about the volumes of controlled and uncontrolled transactions in the fiscal period which involves transaction date and invoices bank slips and similar documents The copies of agreements issued between related parties at the fiscal period of transaction Summaries of financial statements of related parties The intercompany pricing policy applied to transactions between related parties If the related parties use different accounting standards and methods the information related to these standards and methods The information related to intangible property ownership and payments of intangible rights Information and documents internal andor external benchmarks comparability analysis related to choice and application of transfer pricing method used Detailed information related to calculation and assumptions to determine arms length price or profit margin If armslength range is determined the method used in the determination of.